Sub-prime mortgages return — for the affluent

written by Lucie Osman on November 19, 2016 in Press Coverage with no comments



These are a more responsible and tightly regulated version of the sub-prime lenders that triggered the financial crisis that bankrupted Lehman Brothers in 2008 and went some way towards stopping banks and building societies from lending to people with less than perfect credit ratings. They are good news for the market, according to Shaun Church, the associate director of Private Finance, a mortgage provider.

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