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Second mortgages: lending soars as Britons struggle to pay off debt

As the cost of living crisis grows, homeowners are borrowing more on top of their existing loan. But it can be costly

Perhaps it’s no surprise with a cost of living crisis raging, but growing numbers of homeowners are opting to saddle themselves with a second mortgage.

Many people are using the money to pay off debts such as credit cards and personal loans.

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