Saturday, September 2, 2006
Twenty percent of BTL investors are in neg. equity territory
The median figure, a 7% fall in values causing negative equity for 21% of investors, this is probably where we are currently at today, given that most sellers accept offers at 93% of their asking price. One in five BTL investors therefore have no equitable value in their property and have no chance of creating any in the short to medium term given most use interest only BTL mortgages...a sobering thought.