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BBC exposes UK sub-prime fraud

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10-09-2007, 11:30 AM

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BBC exposes UK sub-prime fraud

The BBC’s Panorama programme, broadcast last night, claims that sub-prime mortgage lending in the UK accounts for over 70% of all repossessions. In the last three months investigators working on the programme conducted a survey of more than 7,000 court hearings and found that lenders specialising in sub-prime mortgages, or offering them as part of [...]

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