Tens of thousands of homeowners who bought during the housing boom face another four years of being trapped in negative equity. According to a new forecast from the National Housing Federation (NHF), those who purchased a property in England at the peak of the market in 2007 paid an average price of £216,800. They may [...]

More: Tens of thousands trapped in negative equity until 2014

This is depressing news indeed - If people have any way in which they can repay their debts now is the time to do it.

I've heard a sale and rent back scheme is a good idea if you own a property - it prevents repossession which could be distressing for a family: