One million households at risk of repossession

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One million households at risk of repossession

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01-30-2008, 09:52 PM

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One million households at risk of repossession

The Financial Services Authority (FSA) has warned that over one million households could face repossession in the coming 18 months. The prospect of a slowing economy and tighter lending criteria could leave many homeowners in financial difficulties, particularly those coming to the end of a fixed-rate loan and facing a steep increase in mortgage payments.In [...]

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