• Rachael Panteney


Homeowners who have been dubbed ‘mortgage prisoners’ are people trapped in their current mortgage and who are unable to switch to a new mortgage - even if they are up to date with their payments.

How do you become a mortgage prisoner? If you cannot leave your current mortgage because your financial circumstances have changed, you are a mortgage prisoner. Your new financial situation could prevent you from passing a new lender's affordability checks. It means you're trapped in your existing mortgage even if a remortgage would get you a cheaper deal.

This can be a big problem if you have a large mortgage or you’re on your lender's standard variable rate (SVR). The good news is that new rules from the Financial Conduct Authority (FCA) mean lenders have more flexibility to help you switch mortgage. There are caveats, of course, so to find out if you are likely to be accepted, head to The Money Advice Service to access their checking tool.


Once you've done that - get in touch with us so that we can find you a new mortgage. Helping people is what we do best, so we are looking forward to hearing from you.

Rachael Panteney

Financial Adviser

Willow Tree Financial Services 01323 436680


Willow Tree Financial Services.

A6 Chaucer Business Park,

Dittons Road, Polegate.

East Sussex, UK.

BN26 6QH

01323 436680


The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested. Your home may be repossessed if you do not keep up repayments on your mortgage. 

The Financial Conduct Authority does not regulate Will Writing & Estate Planning.

Willow Tree Financial Services is a trading style of Rachael Panteney, an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority.

The information and content within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

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