Several lenders are launching products for people with poor credit histories,despite sub-prime mortgages being widely blamed for 2007-08 financial crashSub-prime mortgages, widely blamed for causing the 2007-08 financial crisis, and are making a surprise comeback in the UK,with several recent lenders launching home loans for people with poor credit histories. Lenders are targeting people who have faced serious financial problems including repossession and bankruptcy, as well as those with more minor blots on their records, or for the mortgages,which approach with interest rates as tall as 8%.
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Source: theguardian.com