A Bill to establish an inquiry into the events surrounding the creation of mortgage prisoners, their consequences and any other relevant matters; and for connected purposes.
House of Lords
25 September 2025
May contain errors — check source documents for definitive information.
The Mortgage Prisoners Inquiry Bill would create a public inquiry, led by the Secretary of State, to examine how mortgage prisoners were created and what happened to them, including related government, regulatory and sales actions linked to the 2007/08 crisis. The inquiry would be UK-wide, could look at negotiations with prospective buyers and any assurances about new deals or rates, and would be able to make recommendations when the Act is in force on passage.
Originating in the Lords, the Bill has progressed up to the Lords’ 3rd reading and has been discharged from the Order of Commitment; it has now moved to the Commons for its 1st reading. A Lords Select Committee in October 2024 found no delegated powers concerns for this Bill.
Generated 21 February 2026
11 Sept 2024
7 Feb 2025
17 Mar 2025
4 Jul 2025
Third reading - the final chance for the Lords to change the bill - took place on 4 July and no amendments were made.
What happens next?
The bill now goes to the House of Commons for consideration.
The Committee scrutinised a batch of Bills and warned that the Product Regulation and Metrology Bill relies on broad skeleton powers allowing ministers to regulate most of the regime by secondary legislation with limited scrutiny, and it calls for fuller justification, removal or tightening of those powers (including metrology provisions), plus clarification on a repealing power in the Passenger Railway Services Bill. It notes that the Mortgage Prisoners Inquiry Bill raises no delegated powers concerns.
The Mortgage Prisoners Inquiry Bill would create a public inquiry, led by the Secretary of State, to investigate how mortgage prisoners were created, the consequences for borrowers, and related government, regulatory and sale-of-mortgage actions stemming from the 2007/08 crisis. It covers negotiations with prospective buyers, any assurances about new deals or rates, the impact on borrowers and regulators, and allows the inquiry to make recommendations; the Act would apply across the UK and take effect on passage.
No recorded votes for this bill yet.
