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Potential Negative Equity, Mortgage overpayments, HPC?


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Wanted to ask everyones opinion on what to do if house will go into negative equity with a potential HPC upcoming?

House was bought at 250k, current value would probably be 220k. Have about 170k left on mortgage, so right now in theory have 23% equity, however I suspect prices will fall even further in my area.

Is it worth still overpaying mortgage? Plan to stay in house long term, as didn't buy for investment, but just not sure if mortgage overpayment is the best use of money with the ongoing COVID recession.

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  • 416 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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