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The National Herald

Monday, May 20, 2013 Last Update: 1:59 PM ET

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Returning expats face mortgage blow

By Tanya Powley

LONDON. ("Financial Times"). British expats hit by worsening conditions in the eurozone and hoping to return to a new UK home may now find themselves turned down for a mortgage. Thousands of Britons who emigrated to Spain, Greece and Cyprus in search of a “better life” are believed to be returning to the UK after suffering falling property values and poor exchange rates for several years.

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