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Open up on market

The fallout from the US sub-prime market is still causing jitters across stockmarkets but mortgage IFAs and brokers want to know what it means for them and their clients.

With many UK lenders repricing their sub-prime products upwards, there are some important lessons to be learnt.

With the contagion affecting all firms that securitise, lenders should be open with brokers and borrowers about what impact the US sub-prime crisis is having on them. If not, brokers, packagers and borrowers could lose faith and move their business.

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