Editing JustUs
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We think there are too many difficulties in obtaining finance, with one report claiming that 80% of applications for credit were being declined. Lenders appear to be taking a more cautious approach to offering loans and mortgages, particularly as many borrowers are likey to face uncertainty regarding job security and their income, with potential for a rise in the number of borrowers defaulting on repayments. | We think there are too many difficulties in obtaining finance, with one report claiming that 80% of applications for credit were being declined. Lenders appear to be taking a more cautious approach to offering loans and mortgages, particularly as many borrowers are likey to face uncertainty regarding job security and their income, with potential for a rise in the number of borrowers defaulting on repayments. |