Wednesday, Jun 24, 2009
Green shoots or years stuck in a negative equity pit.
Scottish Daily Record: Quarter of UK homeowners face negative equity nightmare
ALMOST a quarter of UK homeowners could soon be in negative equity, a report has warned.
One in 10 borrowers already has a home worth less than their mortgage.
And analysts Fitch Ratings say the number could soon rise to 23 per cent if house prices keep falling.
Posted by gone-to-colombia @ 06:05 PM (592 views) Add Comment
4 Comments
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1. 51ck-6-51x said...
Spin it the other way?
A quarter of mortgagors , not home owners.
Ho hum.
2. flashman said...
Apologies for the hijack. Until yesterday, I hadn't looked at the site for a month. What's happened to STR1 and crunchy?
3. vindicated said...
S2R1 is still about I'm sure. Crunchy had a grand farewell recently. Think he's abandoned ship... gone to sunny Mallorca or some such place. I could be horribly wrong. Am sure someone will be along soon with more info.
4. Dantheman said...
Weve lost tens of Thousands of pounds being forced to rent.
Now they will lose tens of thousands of pounds being in Neg Equity.
At least we can agree on one thing. We all Hate the Labour government who allowed this to happen.........