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Daily Mirror
Daily Mirror
Business
Sam Barker

UK banks in payment ban for homeowners on Universal Credit and State Pension

Many Brits are unaware that getting benefits or a pension can mean up to half of lenders won't give them a mortgage.

This means they face limited choice and can make it harder to get on the housing ladder.

The issue is that for borrowers to get a mortgage, lenders look at all their sources of income to see if they can afford the loan.

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