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Mortgage drought set to continue for two more years

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  • Mortgage drought set to continue for two more years

    An assessment of the outlook for mortgage finance has been published today by Sir James Crosby, deputy chairman of the Financial Services Authority. Sir James, former chairman of Halifax owner HBOS, believes that the lack of mortgages for homeowners and prospective buyers is expected to continue into 2009 and 2010. The report comes after the [...]

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