Charity Slams Sub-prime Mortgage Market
April 14th, 2009
A leading charity has criticized lenders who supply secured loans to people with low credit ratings.A Citizens Advice Bureaux report said irresponsible lending decisions and aggressive arrears management by sub-prime lenders were driving the current increase in mortgage arrears, court action and repossessions.David Harker, chief executive of Citizens Advice, said: “Our research suggests that many [...]
