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Lenders ease mortgage trap

Language: English Series: Observer ; 28 July 1996, 12(1)Publication details: 1996Subject(s): Summary: The DoE is to encourage lenders to take a more common sense approach to selling at a loss; the CML and ABI have produced a joint statement: "Negative equity and mortgage arrears: voluntary shortfall".

The DoE is to encourage lenders to take a more common sense approach to selling at a loss; the CML and ABI have produced a joint statement: "Negative equity and mortgage arrears: voluntary shortfall".