Sub-prime mortgages ‘set to grow’

Sub-prime mortgages are set to grow faster than mainstream mortgages, independent market analyst Datamonitor has said. The group said that by 2011, the marketplace would reach £31.5bn, compared with £24.6bn in 2006.

Sub-prime mortgages are those sold to people with poor credit histories and thus a greater chance of defaulting.

Read more

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s