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Old 10-31-2007, 02:39 AM
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Post Negative equity risk for first-time buyers

mform.co.uk, the online mortgage company, is warning that large numbers of first-time buyers could be at risk of negative equity, following a substantial rise in the number of 100% mortgages taken out.The broker estimates that between January 2006 and August 2007, 33,000 first-time buyers secured mortgages for the full value of their property, or in [...]

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