"Homeowners may struggle to get mortgages for the next three years, an eagerly-awaited Government-backed report has warned.

The ability of banks to offer mortgages will be "severely constrained" until 2010 with first-time buyers with deposits of less than 25pc of their property's value particularly badly hit. The mortgage shortage is likely to hit house prices and consumer spending on the high street."
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The insanity of the masses always has a knock-on effect for the few that really matter.


...and so the cycle continues