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Mortgage lenders told to prepare for worst

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  • Mortgage lenders told to prepare for worst

    The Financial Services Authority (FSA), the financial watchdog, has warned mortgage lenders to prepare for the worst and are being urged to protect themselves and customers against the threat of a credit storm in the New Year. The FSA estimates that over 1.4 million borrowers on fixed-rate, short-term mortgages are due to come off their [...]

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