Greater Than Half A Million Households At Risk of Negative Equity
- Bruce Lamb
- Feb 21, 2018
- 1 min read
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