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Chronicle Live
National
Rachel Pugh & Nicole Goodwin

Some UK banks issue payment ban for people on Universal Credit and State Pension

A warning has been issued to people on Universal Credit and State Pension due to payment bans brought in by some banks.

Half of lenders are refusing to give people on benefits a mortgage, because they won't allow them to use money from their Universal Credit or State Pension pots.

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

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