Homeowners pinned down by shrinking equity

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Homeowners pinned down by shrinking equity

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08-16-2009, 09:45 AM

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Homeowners pinned down by shrinking equity

The housing market downturn has left up to 3.5 million Britons unable to move, according to research from John Charcol. The mortgage broker estimates that one third of UK households with residential mortgages are stuck in their properties because falling prices have eroded the amount of equity they hold and restricted access to mortgage finance. The firm [...]

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