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MongerOfDoom

Margins Increasing

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http://www.telegraph.co.uk/finance/persona...cord-level.html

Experts warned that if action is not taken, mortgage rates would reach 10 per cent within a year once Bank of England interest rates begin to rise.

I guess this explains the anecdotals about the market picking up recently. Still, as long as "action" is taken to reduce defaults there is nothing to worry about.

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Hohoho said the green giant

Honestly no-one could have predicted this a few years ago.............................oh wait there was a bunch of people on the internet, but they weren't a lobby group with lots of experts qualified in the pseudo-science of economics.

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Michelle Slade, of Moneyfacts, said: “Borrowers looking for a new mortgage deal are continuing to pay a heavy price for previous mistakes made by lenders.

Yeah, such as lending too cheaply to the wrong sort of borrower.

Why, exactly, should a public quoted company (with the exception of RBS etc.) lend money on the cheap?

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