Chancellor predicts housing slowdown as IMF warns of crash
Story date: 2007-10-17 05:08:00
Added on: 2007-10-17 18:07:47
This is London - The Financial Services Authority has also warned that one in ten homebuyers is taking out an interest-only mortgage. These are popular because the monthly payments are cheaper, but a buyer must repay the original capital sum when the loan ends. The ...
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