A letter from John Glen to Stephen Jones on Mortgage Prisoners

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A letter from John Glen, Economic Secretary to the Treasury, to Stephen Jones, Chief Executive Officer of UK Finance

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[AvaAllan15a]

I'm glad the FCA had reduced the mortgage interest.

 

[keilecpod]

Yes, you're right.. although this expression sounds scary. Actually, this summer, I lost my job and felt like a mortgage prisoner. And I can say that this is an unpleasant feeling, when yesterday you knew for sure that you could pay the mortgage and your family would live in prosperity, and today everything is falling apart and you do not know what to do next. Those were the days when I really needed support, but many friends were unable to help me, they were in a difficult situation because of the pandemic. Then I looked into Reddit and found mortgage broker Derby contacts, who helped me to solve the mortgage issues and keep the house. Besides, I have recently started a new business and I hope that I will soon be able to provide a decent life for my family.