A shocking report has revealed that many consumers in the UK are being talked into lying about their income in order to get a larger mortgage – often resulting in them taking on loans that they cannot afford based on their actual income as opposed to their inflated income. The reports claim that a number of financial advisers and brokers are persuading consumers that self certify their income – where the consumers states his or her income and there are no checks carried out – to lie and state that they are earning far more than they actually are. Read the rest of this entry »
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