The cost of home loans in Guernsey could remain high for the foreseeable future because of global credit crunch fears, money experts have warned.
Some lenders are now asking islanders to put down a bigger deposit if they want a mortgage.
There is concern first-time buyers will find it increasingly difficult to find high-level home loans.
People currently with fixed-rate mortgages could also face problems if those rates are due to end soon.
Worldwide money markets have recently recorded heavy losses amid growing anxiety over a global credit crunch.
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