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Breaking: The end of the sub-prime UK dream?

WTF?_2 Posts: 4,592 Forumite

31 March 2008 at 7:07PM in House buying, renting & selling

http://www.mortgagesolutions-online.com/public/showPage.html?page=758225

Breaking News
Lehman Brothers may close doors tomorrow

Following earlier reports that Lehman Brothers was ‘considering’ suspending lending at its UK mortgage lending arms, brand insiders have reported it could announce a withdrawal from the market tomorrow.

Advisers contacted Mortgage Solutions earlier today to inform them that representatives of Southern Pacific Mortgage Limited (SMPL) and Preferred Mortgages had indicated the brands would effectively close their doors on Tuesday.

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Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.

This discussion has been closed.

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Breaking: The end of the sub-prime UK dream?

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