In a difficult market, where larger properties are currently struggling to sell in certain parts of the country, many are finding that the six-month “grace period” inactive lenders are giving them before repossession proceedings begin is not enough time.
One “prisoner” said her property had been on the market for a year already, and despite shaving £50,000 off the price, she has received no interest.
Tulip Siddiq, economic secretary to the Treasury, is not meeting campaigners until October – but they say many are already at “crisis point”.
“There is no time to wait,” a spokesman said. “Mortgage prisoners are stuck on interest rates approaching 10pc and are losing their homes daily.”
They are largely stuck because their current lenders do not offer any new products, and no other bank will lend to them or offer a better deal under new affordability rules which came in after the crash.