Andrew Gwynne, MP for Denton and Reddish, has signed an open letter to the Chancellor, demanding support for mortgage prisoners.

Mortgage prisoners are those whose mortgages were sold to private equity firms, with no licence to lend and who are not regulated by the Financial Conduct Authority, following the banking crisis of 2008.

UK Mortgage Prisoners have launched the Action4Solutions campaign, highlighting the financial hardship many mortgage prisoners are facing into during the Coronavirus crisis.

The letter signed by Gwynne demands that the Chancellor:

  • Bring the mortgages of mortgage prisoners back under active lenders to give them choice to product transfer
  • Cap the margins on Standard Variable Rates
  • Extend the regulatory perimeters
  • Stop the sales of mortgages to vulture funds

Andrew Gwynne MP said:

“I am proud to have signed the UK Mortgage Prisoners’ open letter to the Chancellor.


“Mortgage prisoners, including key workers, are facing financial hardship during the Coronavirus crisis through is no fault of their own.


“They are in need Government support, now more than ever.”

Constituency Office Address

Town Hall, Market Street, Denton, M34 2AP

Parliamentary Office Address

House of Commons, London, SW1A 0AA