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Rock around the clock

I have not been involved in arranging mortgages for my clients for a number of years now but I could not help but notice the problems being encountered by Northern Rock and that it has approached the Bank of England for a loan.

I trust that the Bank of England will charge Northern Rock a very large arrangement fee, impose massive exit penalties and tie them into the loan for the next 10 years?

What goes around comes around.

Paul Spires
Certified financial planner

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