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New debt code

Language: English Series: Times ; 1 February 1997, 39(1)Publication details: 1997Subject(s): Summary: The Council of Mortgage Lenders has issued a 3 point code to inform first-time borrowers of their liability to pay any shortfall still owing on their mortgage following repossession.

The Council of Mortgage Lenders has issued a 3 point code to inform first-time borrowers of their liability to pay any shortfall still owing on their mortgage following repossession.