Over recent months the level of concern over falsified applications put forward to mortgage lenders from brokers has increased in light of the global credit crunch that has swept across the UK from the United States, where it was sparked in the sub-prime sector of the mortgage market. The effect of the credit crunch have increased concerns over brokers falsifying employment and income information on behalf of customers that either do not earn enough realistically to raise a sufficient mortgage or do not have proof of income. (more…)
