Credit limit

Mortgage Application

FIRST TIME BUYERS BREAKING LAW TO GET HIGHER CREDIT LIMIT

A THIRD of first-time buyers admit to breaking the law and lying about their income, when applying for a financial product, in order to get a higher credit limit.

However, lying on the application for a financial product, such as a store (credit) card or for a short-term loan, is illegal and could also lead to many Brits facing a large amount of debt they can’t afford to pay back....