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Up to 11% of UK households in negative equity Up to 11% of UK households in negative equity



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Old 06-12-2009, 03:22 PM
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Post Up to 11% of UK households in negative equity
In its latest Quarterly Bulletin, the Bank of England estimates that between 700,000 and 1.1 million UK homeowners are in negative equity.Negative equity occurs when the market value of a house is below the outstanding mortgage.With house prices falling by around 20% between autumn 2007 and spring 2009, the Bank estimates that between 7% and [...]

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Old 06-23-2009, 06:37 PM
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Default Re: Up to 11% of UK households in negative equity
That many!
Wow, those increases in house prices that are being reported are clearly needed!
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