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...Terra Firma declined to comment for this article....
...The decision to divest the homes comes amid widening losses in the sector and financial turmoil at the big operators, such as Four Seasons Health Care, owned by Terra Firma, the private equity group....
...Shares in the handful of listed homeowners also performed strongly in last year....
...Three Atlantic offshore fields – Hibernia, White Rose and Terra Nova – made up 11 per cent of oil output last year, equal to 276,000 b/d. Production from these fields is gradually declining....
...Figures from the Association of British Insurers show that the insurance industry has dealt with 144,000 subsidence claims over the last four years alone, costing over £800m....
...The Building Societies Association described the rate cut as “a kick in the teeth for savers”....
...The CML believes repossessions will rise to 75,000 next year as homeowners struggle to meet payments....
...They must do this by supporting homeowners and businesses with much higher levels of lending than seen in recent months.”...
...The catalyst for the bust was defaults by subprime borrowers but, as prices continue to fall, less marginal homeowners are coming under pressure....
...The catalyst for the bust were defaults by subprime borrowers but, as prices continue to fall, less marginal homeowners are coming under pressure....
...Homeowners are feeling the effect of higher interest rates according to figures that show mortgage lending fell 12 per cent last month....
...But it will not take too many interest rate rises for homeowners to start feeling the pain....
...Similarly, expansion at the Terra Nova oilfield did not materialise as expected....
...Anew mortgage allowing homeowners to pass on their mortgage debt when they die and thereby cut the inheritance tax bill faced by their heirs was launched this week....
...Association reported a 30 per cent fall in the number of mortgage approvals in September compared with the same month the year before....
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