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Broker closed for sub-prime mortgages while two are fined

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  • Broker closed for sub-prime mortgages while two are fined

    A mortgage broker has been shut down while two others have been fined for mis-selling sub-prime mortgages. Sub-prime mortgages are those sold to people with a poor credit rating or who do not have secure jobs and who are supposed to show they have the income required to make the repayments. The Financial Services Authority [...]

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