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 [...]
More: Negative equity risk for first-time buyers