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Liverpool Echo
Liverpool Echo
World
Sam Barker & Ryan Paton

Warning to people on Universal Credit and State Pension as banks enforce payment ban

A warning has been issued to people on Universal Credit and State Pension over payment bans enforced by some banks.

Figures estimate around half of lenders refuse to give certain claimants a mortgage because they won't allow them to use money from their Universal Credit or State Pension pots.

Banks look at all sources of income to decide whether to grant borrowers a mortgage - as Mirror Online reports.

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