Greater Than Half A Million Households At Risk of Negative Equity

Half a million households would be at risk of negative equity if there was a drop in the average UK house price of the scale seen in the last financial crisis, according to research conducted by Computershare Loan Services.

In an analysis, the third-party mortgage servicer forecasted that the value of 4.12% of properties – or 458,000 households – would drop below the outstanding mortgage balance on the property if average house prices fell by 18.72% as it did between 2006 and 2009

Full article: https://www.introducertoday.co.uk/breaking-news/2018/2/over-half-a-million-households-at-risk-of-negative-equity