Sub-prime mortgages re-emerge in wake of Funding for Lending scheme

mortgages , widely blamed as the cause of the financial crisis, have begun to re-emerge with a new lender unveiling a range of loans for borrowers with poor credit histories.Magellan Homeloans will offer mortgages of up to 400,000 to people who have had county court judgments, individual voluntary arrangements (IVA) or even bankruptcy orders against their names. But borrowers will be charged …

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