Mortgage prisoners

That this House notes the new campaign launched by the UK Mortgage Prisoners Action Group which calls for urgent and sweeping legislative reforms to mortgages to avert further homeowner crises and go some way to righting the current wrongs; understands that there are nearly 200,000 mortgage prisoners who are still suffering severe financial hardship due to decisions made by the Government and regulator in the course of bailing out the banks following the 2008 global financial crash; and believes urgent action must be taken to address the injustice that so many have suffered through no fault of their own and rather as a consequence of sales of mortgages to non lenders, repeated securitisation and regulatory changes further trapping many thousands of historic interest only customers.