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Broker Warns Of High Risk Btl Lenders


KerPlunk

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HOLA441

Bank stocks drive FTSE to new peak

WestLB was worried by Bingley's exposure to buy-to-let mortgages, which makes up 45 per cent of its loan book and provides the majority of its loan growth.

"We believe that buy-to-let investors may well sell when property returns diminish from the exceptional levels seen in recent years. These assets are investments, with investors in theory just seeking the best returns, not acquiring a home as owner occupiers,"

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