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Borrowers waiting for election outcome

10/08/2010

During election campaigns, borrowers often wait to see the outcome before acting on their mortgage said Lisa Montgomery, head of Resi Mortgage Corp. “The likelihood for many borrowers being materially affected by these events is negligible,” said Montgomery who stressed that borrowers should take a long term view when considering decisions about their mortgage. “Even the flow on from any new radical policies would take considerable time to be firstly voted in and then implemented,” said Montgomery.

Source: The Daily Telegraph



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