Are you looking for relevant information on personal debt and what effect it has on getting a mortgage? Well hopefully the following details will give you the required assistance. It is inevitable that, we will nearly all get in to some form of debt during our lives, so it’s important to keep a firm grip on our expenditure and how much we have to borrow, as it can have a bearing on our credibility and future financial worthiness for credit cards, loans and mortgages. The once friendly UK high street banks and financial lending institutions have really tightened their belts since the downturn of 2008 and have gone from being very free and easy with loans and mortgages to being extremely cautious in recent times. It’s important to always be honest and totally accurate when you apply for a mortgage and declare any past or present personal debt and defaults, as nearly all of the leading financial lending companies go through one of the major credit reference agencies and it will certainly show up with them.