Vital to Curb Repossessions ; More Than a Million Home Owners Could Be at Risk of Serious Financial Difficulty and Possibly Losing Their Homes in an Economic Slowdown, the Financial Services Authority has Warned.

Scunthorpe Evening Telegraph › February 16, 2008

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Summary

More than a million home owners could be at risk of serious financial difficulty and possibly losing their homes in an economic slowdown, the Financial Services Authority has warned.

The FSA is preparing for a tougher climate of rising inflation and a slower economy. It fears many home owners with large mortgages who have borrowed three-and-a-half times their salaries or more could be at risk.

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Vital to Curb Repossessions ; More Than a Million Home Owners Could Be at Risk of Serious Financial Difficulty and Possibly Losing Their Homes in an Economic Slowdown, the Financial Services Authority has Warned.

Even before the credit crunch ...

See the full content of this document