Help the Mortgage Switch Guarantee gain support in Parliament


After two years of campaigning for fairer mortgage transparency, our Mortgage Switch Guarantee proposals are a step closer to fruition!

Kirsty Blackman, economic spokesperson for the SNP, has placed a motion in support of our much-needed industry proposals.

If enough MPs support the motion, this bring us one step closer to the Mortgage Switch Guarantee being debated in the House of Commons.

In less that a week, 20 MPs from across all major parties have shown support for the initiative.

We're thrilled to say the least, but we need more MPs to show their support.

How you can help

We've drafted an email that you can send to your local MP to ask them to sign the motion.

The email also requests that they attend an event we're hosting in Parliament to mark two years since the campaign began.

1) Find your MP's email address

Head over to the website and enter in your postcode.

You'll see your local MP and their email address.


2) Send them an email

You can then paste in your MPs email address, add their name at the top, your name and address at the bottom (they need your address to confirm you're a local resident), and hit send.

If you prefer to do it manually, you can copy and paste the following into an email...


Please support EDM #2508 in support of the Mortgage Switch Guarantee


Dear ,

As your constituent, I request that you sign EDM #2508 in support of the Mortgage Switch Guarantee to tackle the mortgage loyalty penalty. I also request that you attend the Parliamentary reception to discuss this initiative on Tuesday 9th July between 16:00 - 18:00 in the Thames Pavilion.

For the average borrower, the difference between a market-leading deal and the average Standard Variable Rate (SVR) (set by each individual lender) once the initial term interest rate ends remains on average £375 a month or over £4,500 a year. This equates to £25m paid by borrowers in unnecessary interest every day.

Despite mortgages being the largest source of debt for households in the UK, other aspects of financial services have seen significantly more attention from policymakers in pursuit of better consumer outcomes. The wide scale inertia in the mortgage market is one of the most pressing consumer issues that exists today. It must be addressed urgently. This will require the support of Government, regulators and lenders.

I count on your support for the Mortgage Switch Guarantee campaign.

Kind regards,

It's as simple as that.

We'll of course keep you up to date with progress right here on our blog.

Thank you for your support!


What is the Mortgage Switch Guarantee?

The Mortgage Switch Guarantee was proposed by online mortgage broker Trussle to address key barriers to mortgage switching.

The Mortgage Switch Guarantee calls on lenders to:

  • Contact borrowers three months before their initial rate period ends, electronically & by post

  • Show borrowers key mortgage information online, or via SMS messages

  • Display the True Cost of a mortgage’s initial rate period

What is the True Cost of a mortgage?

The "True Cost" of a mortgage sets out what the customer will pay over their initial term, taking into account any obligatory fees, charges or incentives in addition to the interest cost of the mortgage.

What is an Early Day Motion?

An early day motion (EDM), is a motion, expressed as a single sentence, tabled by Members of Parliament that formally calls for debate "on an early day". Their main purpose is to draw attention to particular subjects of interest and bring them to the attention of the government and media.

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