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Margin warning on mortgages

Language: English Series: Financial Times ; 10 December 1994, 6(1)Publication details: 1994Subject(s): Summary: Merrill Linch warns that the margin for lenders in the mortgage market is likely to halve from 2 to 1% over the next five years due to the entry of aggressive competitors such as Direct Line.

Merrill Linch warns that the margin for lenders in the mortgage market is likely to halve from 2 to 1% over the next five years due to the entry of aggressive competitors such as Direct Line.