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  • BUSINESS: Credit crisis: Sub-Prime mortgage owners suffer following interest rate rise

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BUSINESS: Credit crisis: Sub-Prime mortgage owners suffer following interest rate rise

A quarter of a million homeowners are have seen the interest rate they're paying on their mortgages jump by as much as two percent in the last fortnight. The extra costs, which can add up to hundreds of pounds, are being carried by those with so-called sub-prime mortgages. These are people whose credit rating is too poor for them to get a loan from a mainstream bank.

ITN Source | September 20, 2007Watch more videos from ITN Source

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