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I am surprised it is not more and given the lack of assistance these borrowers are receiving, surely an even greater number of Together customers will be repossessed in the months to come.
When asked what is being done for these consumers, who were in negative equity as soon as they signed their contract, Northern Rock’s bosses just point towards the panel of advisers they have appointed.
Mortgage advisers are a special bunch but they cannot do magic and conjure up a reasonably priced 100 per cent LTV plus deal out of thin air.
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