One borrowers in arrears prevents up to 80 other customers getting a mortgage

One borrowers in arrears prevents up to 80 other customers getting a mortgage

The stark warning comes as experts predicted that Britain’s mounting toxic debt will make it harder to get a mortgage in 2009.

It follows the Government’s announcement last month that it would pay some borrowers’ mortgage interest payments if they lost their job under its proposed Homeowners Mortgage Support Scheme.

Melanie Bien, of mortgage brokers Savills Private Finance: “If people thought it was bad last year, it is going to be even worse in 2009.

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