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Seizure until 2011 in the UK mortgage market

The former chief executive of HBOS, Sir James Crosby, said that the shortage of mortgage finance will continue throughout 2008, 2009 and 2010 continuing into 2011, and the risk of repossessions will grow, the

Falling property prices leaves £5bn black hole for The Treasury

The HM Treasury are in an awkward situation as they are facing a £5bn black hole in their finances, this is a result due to the falling property prices. This news is not official; this report comes from the Liberal Democrats. So why would falling property prices cause