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100,000 homeowners 'are set to default on their mortgages'
Comments
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IN the mean time the govt is borrowing the money at 1% and lending it out at 5-6% which will pay for a lot of defaults...
If only it was so easy............
NRAM still needs to repay £49 billion ( in cash terms) before the taxpayer is off the hook.
So that's a lot of net profit that has to be made.0 -
Its about time property found its natural equilibrium.0
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