Top broker warns payday loans can put your mortgage at risk

Pay day loans put mortgages at risk

One of the country’s top mortgage broking firms has warned of the dangers that payday loans could have for anyone making a mortgage application.

Simon Collins of John Charcol brokers says the firm have seen a noticeable increase in the number of mortgage applicants either being rejected for a loan or finding their offer significantly reduced because they have taken out a payday loan.

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