Saturday 27 May 2017

The scourge of negative equity is costing us all in many ways

The true extent of the negative equity problem we have in this country has been much under-estimated
The true extent of the negative equity problem we have in this country has been much under-estimated
Charlie Weston

Charlie Weston

The true extent of the negative equity problem we have in this country - and its dangers - have been much under-estimated.

It had been assumed that negative equity was something that was slowly withering away. Not so, if international ratings agency Standard & Poor's is correct.

Almost a decade after house prices peaked, S&P says that more than four out of 10 mortgage borrowers are in negative equity.

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