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It would appear that any bank or lender operating in the Sub prime mortgage markets may have got their fingers burned of late. The UK economy has grown as a result of people’s eagerness to borrow money and the Bank’s willingness to lend it to anyone who wanted a mortgage or loan. With house repossessions on the increase, problems with Northern Rock caused by USA sub prime lending, cheap mortgages may prove more difficult to obtain. Mortgage brokers are normally best placed to find the cheapest mortgages even for people with CCJS and other poor credit histories so don’t be scared to get a free no obligation quote as it costs nothing to ask.

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