Knock on affect of US sub-prime mortgage meltdown on UK market
Potential homeowners with bad credit histories are going to find it a lot harder to get a mortgage as a result of the sub prime mortgage crisis in the US, warn financial experts.
Aggressive mortgage brokers and naïve consumers in the US striving after the American Dream of ownership, has seen people borrowing far more than they can afford, which has in turn led to a massive increase in the number of houses being repossessed.
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