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Independence may hurt Scottish housing market

Repaying pound- denominated loans in foreign currency may lead to default

Yes or no? Analysts say that a Scotland outside the UK would open the floodgates to the real questions of currency, exchange rates, mortgage risk and property taxation. - PHOTO: AFP

[LONDON] A vote in favour of Scottish independence on Friday threatens to weigh down a booming housing market should thousands of homeowners become debtors of foreign lenders.

Political leaders in the UK are sparring over whether an independent Scotland would keep the pound, with the...

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