Summary
THE house price crash has seen 900,000 families in Britain plunged into negative equity.
That's 7.6 per cent of mortgaged homes, and even with the small increases in sale prices currently being predicted, credit referencing agency Fitch say many borrowers will be trapped owing more than their home is worth for a long time to come.See the full content of this document
Extract
The Red ; What to Do If Your Home Falls Into..
And they say that in the doomsday scenario of house prices falling even more, ONE IN THREE households could end up in negative equity.
The Council for Mortgage Lenders (CML) stre...See the full content of this document
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