Response to mortgage shortfall

The original point here is very important - that low valuations for repossessed houses are frequently based on prices being realised by lenders for other repossessions. Apart from the unfairness of this, is also needs to be considered that this dismal process has led to the creation of run-down streets, sink estates and even property wastlelands in large parts of the country (mostly the north). I hope that the relevant Government select Committee will be considering this issue shortly.

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