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Old 12-19-2008, 10:02 AM
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Post Lenders expect mortgage arrears to more than double

The Council of Mortgage Lenders (CML) is predicting that the number of mortgage borrowers three months or more in arrears with repayments will rise to 500,000 in 2009.If so, the number of householders struggling to keep a roof over their heads will more than double, given that 210,000 mortgages are expected to be in arrears [...]

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