Negative Equity‏

June 17, 2009 by admin · Leave a Comment
Filed under: Property market 

One homeowner in ten fell into negative equity during the first three months of the year, the highest proportion for 15 years, the Bank estimated that between 7 and 11 per cent of homeowners with a motgage owned more to their lender than their property was worth, the equivalent of 700000 to 1.1 million householders.

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