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Vince Cable warns banks over mortgages

Vince Cable: 'Appalled' to discover the size of loans being agreed by some lenders. Picture: Getty

Vince Cable: 'Appalled' to discover the size of loans being agreed by some lenders. Picture: Getty

BANKS must be put under more pressure not to “throw petrol on the fire” of the house price boom by lending people mortgages worth up to five times their salaries, Vince Cable said.

 

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