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Cheers and fears

The economic climate didn’t hinder the mortgage industry’s ability to celebrate St Patrick’s Day last week. Mole hears that the great and the good of the mortgage industry, Irish or not, gathered in Mulligan’s of Mayfair to celebrate with a few pints of Guinness.

Mole suspects the visit to the bar could have been more to do with rumblings in the press that the Turner Report due out the following day was set to limit LTVs and ban 100% mortgages. Luckily it hasn’t happened, but if it ever does, it would surely make every day a lovely day for a pint or three of Guinness.

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