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Chinese investors struggle to hold on to property abroad as soaring rates, weak domestic economy make mortgages unaffordable

Chinese investors who have borrowed from the bank to buy a house abroad are facing a double-whammy as they contend with an economic slowdown at home and surging interest rates across the globe that are hampering their ability to pay for their purchases, according to analysts.

October and November see 10 firms go into default: FSCS

The Financial Services Compensation Scheme (FSCS) has detailed 10 firms as going into default between the start of October and the end of November. Of the 10 firms that failed, those that advised on mortgages comprise: Antonor, formerly Priority Impartial Solutions trading as Ridgeway Consultants, in Surrey

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