Looking to speak to mortgage brokers, about cost of living crisis and payday loans/debts.
- Do you think potential borrowers may take out payday loans or unsecured debt as the cost of living worsens?
- Could this negatively impact their ability to get a mortgage later down the line and why?
- Will existing mortgage borrowers be tempted to take out these kind of loans and unsecured debt?
- What would your advice be to customers who are considering or have taken out these kinds of loans and debts?