Bad Credit Mortgages Harder to Find

People with bad credit are finding it harder to secure mortgages which is a bad sign for those with mounting debt. Banks and building societies are seing bad credit customers as too high a risk due to spiralling debts and the UK’s credit culture. There is bad news for those who already have bad credit mortgages as interest rate rises coupled with increased risks to banks will mean hikes in these existing mortgage rates.

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