The growing credit crunch and property slowdown is taking its toll on the sub-prime and specialist mortgage market.
Start Mortgages, one of the biggest players in this market and one of the first to get into it, has had a torrid time. It has stopped writing new business, and a growing number of defaults have left it chasing debts from some of its existing customer base through the courts.
Start is 64per cent-owned by Kensington...
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