New chancellor to challenge mortgage industry

July 10, 2007
Alistair Darling, the new chancellor, has said he will increase the amount of long term fixed rate mortgages to "reduce volatility" in the market. Speaking to The Guardian Darling said: "In terms of mortgages there has been a big expansion in fixed rate mortgages over the last two or three years, but they have all been short term, for a …

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