Harpreet Uppal

Harpreet Uppal

Labour — Huddersfield

Speaking in the House of Commons on 20 May 2025

Debate

Lifetime Mortgages: Support for Older People

Contribution

One of my constituents, a 96-year-old man, took out in 1990 what he thought was a £15,000 loan, but what was actually an interest roll-up lifetime mortgage. Despite paying £40,000 over the years, he now owes over £52,000 due to compound interest. He has been denied redress by the financial ombudsman due to time limits, and my team has also contacted the FCA and the lender without success. My constituent is now left to deal with the consequences. Will the Minister meet me to discuss this case, and how we can better support other people who have been mis-sold those products?

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