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terest rate renegotiable after one year or tied to market rates or adjustment at the lenders discretion Other (O) Source ECB (2003) Figure 6.3.5 [Hess & Holzhausen] Small stakes make arrears more likely Mortgage loan • to • value ratio 0-10 10.20 20-30 30.40 40.50 50.60 60.70 70.80 80-90 90.100 100