BBC News: Banks facing commercial property meltdown

[...] According to property consultant Andy Lamb, negative equity loans are so prevalent there is even a brand new jargon term in the business, the 'Scooby loan'.
Mr Lamb said such loans refer to companies who re-financed their loans when the market rose but found themselves in negative equity when it fell.
"The income is just about servicing the debt....the loan and the loan values are completely underwater and that is called a scooby loan," he said.
"What it means is a scuba diver i.e. he's underwater but he's still breathing, just!
"Because he can meet the interest payments, all other banking criteria are shot to pieces."
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