More lenders to suffer Victoria's fate - Boulger

However, Boulger says lenders with large parent companies are less likely to be affected and may even emerge from the crisis in a stronger position. Administrators entered Victoria Mortgages on Monday after the firm failed to secure funding for a new range of sub-prime mortgage products. In an exclusive interview with IFAonline, Boulger points out several other sub-prime lenders could suffer the same fate as the market begins to correct itself. Asked if more mortgage lenders could go into administration in the near future, Boulger says: “There is a very serious danger of that happening. ...