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Borrowers will find it difficult to get a mortgage

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  • Borrowers will find it difficult to get a mortgage

    According to Hector Sants, chief executive of the Financial Services Authority (FSA), mortgages will be hard to obtain for borrowers with a poor credit rating - even those who have missed one credit card payment. Mr Sants warned that cheap credit may be gone forever and said that banks will shy away from the [...]

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