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Return of the 90% mortgage from Northern Rock

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  • Return of the 90% mortgage from Northern Rock

    In a bid to kick-start lending, Government-owned Northern Rock is set to return to the mortgage market offering loans of up to 90% of a property’s value.In the past, Northern Rock has been criticised of irresponsible lending after offering 100% mortgages.Following its nationalisation a year ago, the strategy was to run down its mortgage book [...]

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