Summary
SUBPRIME mortgage lending in the UK accounts for only 6 per cent of the entire home loans market, in contrast to the United States, where it makes up a fifth of the total, according to new figures.
Experts said the relatively small scale of subprime lending meant the UK should be able to avoid a crisis akin to the one on the other side of the Atlantic, which sparked a credit crunch.See the full content of this document
Extract
Subprime Loans a Mere 6 Per Cent of Uk Market
The figures from the Intermediary Mortgage Lenders Association (IMLA...
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