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Old 10-01-2007, 11:22 AM
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Post Sub-prime remortgagers face 26% increase in repayments

Standard & Poor’s (S&P), the credit rating agency, has published a report warning of large increases in repayments for mortgage borrowers with poor credit histories, whose fixed-rate agreements are coming to an end.Such sub-prime borrowers could end up with their monthly repayments increasing by an average of 26%, and in some cases the increase could [...]

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