London: Lenders are ramping up riskier mortgage lending in the north of England just as property values start to fall and interest rates increase.

That could be bad news for banks and home-loan providers in a region that’s already facing a hit to its wealth from the UK’s withdrawal from the European Union, no matter what kind of agreement is reached. It also threatens to hurt the economy there as borrowers cut back on spending to meet rising mortgage payments.

Read more on: https://gulfnews.com/business/property/risky-mortgages-on-the-rise-in-areas-most-vulnerable-to-brexit-1.2266527