Are you a MORTGAGE PRISONER? Do you want to ESCAPE the debt burden? Are you a borrower with Heliodor, Landmark, and NRAM? Talk to us NOW on a confidential basis for a solution!

MPs have voted against an amendment in the Financial Services Bill which would have capped interest rates for mortgage prisoners. Mortgage prisoners held in inactive closed books such as, would have benefited from a cap to Standard Variable Rates on closed book cases.

The House of Commons supported the Government to disagree with Amendment 8 by 355 to 271.

The largest group of mortgage prisoners are former customers of Northern Rock who were sold on by the government to vulture funds like Cerberus. Over the past 12 years, many mortgage prisoners have paid from £20,000 to over £150,000 more than customers of active high-street lenders.

Despite new criteria introduced by the FCA to help mortgage prisoners, the FCA’s own prediction was that only 14,000 of the 250,000 mortgage prisoners may benefit using the reformed affordability test.

How can we help?
We are fully regulated by the FCA and we have an incredible team who are here to help you today with any of the issues that might concern you with regards to this topic and any other matters related to your debt position.

If you have any queries in relation to anything in this piece or need some additional questions answered, our office would love to hear from you today. We know what is expected and how to get you to where you want to go.

In short, we WANT to hear from you today