Coronavirus: Chances of getting a loan or mortgage are squeezed

Coronavirus: Chances of getting a loan or mortgage are squeezed

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Lenders are set to reduce the availability of mortgages, loans and other credit in the coming weeks despite greater demand from consumers.

Mortgage and loan providers have told the Bank of England that the supply of these products will fall in the summer months owing to coronavirus pressures.

It comes as the gradual reopening of the economy and the housing market…

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