According to recent reports many banks are now using a range of excuses to turn down mortgage applications, as more and more banks shy away from lending money as a result of the ongoing financial crisis. Reports have claimed that lenders are using any excuse to turn down mortgage applications from consumers, adding that potential borrowers are being turned down for ‘the most spurious of reasons’. (more…)
Posts Tagged ‘banks refuse mortgages’
Banks finding excuses to refuse mortgages
Monday, January 19th, 2009
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