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2.5 million people facing negative equity,
geoffky
Posts: 6,835 Forumite
One homeowner in every five could become ensnared in negative equity as the recession bites, the City watchdog has warned.
House prices may decline by 30 per cent from peaks reached at the end of 2007, the Financial Services Authority said, leaving 2.5 million people sitting on homes worth
less than their mortgage.
Some 500,000 of these would be holders of buy-to-let mortgages, which the FSA singled out as an area of major concern.
http://www.dailymail.co.uk/news/article-1140002/2-5-million-people-facing-negative-equity-warns-City-watchdog.html
House prices may decline by 30 per cent from peaks reached at the end of 2007, the Financial Services Authority said, leaving 2.5 million people sitting on homes worth
less than their mortgage.
Some 500,000 of these would be holders of buy-to-let mortgages, which the FSA singled out as an area of major concern.
http://www.dailymail.co.uk/news/article-1140002/2-5-million-people-facing-negative-equity-warns-City-watchdog.html
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
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Comments
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troll you been drinking again??:beer:maybe you could take them all a box of chocolates??I am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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they will melt where i am going....to my nice home in the sun.....It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
You would think they would have a special forum for this stuff.Been away for a while.0
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they do...moneysavingexpert.com......this thread will save you the a fortune and wont get you the misery that comes with negative.equity.....been there will never ever be there again...living hell.It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Oh wait, you're right, you've already posted the same thing there. Spammer.Been away for a while.0
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stop calling me names because if you don't....... i will cryIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Nothing new there then. Crying like a baby over the fate of 500,000 BTL landlords, over 2,000,000 homeowners. Boo hoo.Been away for a while.0
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