The mortgage sharks taking advantage of the anguish of soaring prices – BBC Newsnight

The mortgage sharks taking advantage of the anguish of soaring prices – BBC Newsnight

“D”, no longer his exact name, has worked as an illegal moneylender for twenty years, and says commercial has never been so factual.

He is one in every of two mortgage sharks the BBC has spoken to in uncommon interviews in insist to spotlight the hazards of of us turning to unofficial lenders as a consequence of the pricetag of living.

Without a forms, excessive interest charges, and barely brutal consequences, there is mountainous anguish connected to this selection of borrowing.

Analysis shared with BBC Newsnight means that the doable client unsightly for it is going to be expanding.

BBC Alternate’ Lora Jones stories.

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