Refused Credit Mortgages Set To “grow And Grow”
Refused credit mortgages set to “grow and grow” 14/08/2006 16:25:00 The sub-prime and near-prime mortgage market is tipped to grow and grow following new research. A survey commissioned by Alliance & Leicester indicates greater demand for refused credit mortgages could be forthcoming, with four in five brokers expecting the market to grow. The top reasons for borrowers to seek out a sub-prime or near-prime market are defaulting on debts or credit cards payments or simply having a bad credit rating, the research found. Figures indicate that Britons are increasingly struggling to manager existing debts, suggesting that the potential market for sub-prime mortgages could swell. Around two lenders in five report that the typical sub-prime customer is likely to be struggling financially, with many on a low income. More than 85 per…
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Refused Credit Mortgages Set To “grow And Grow”
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