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MSE News: Rise in 90% mortgages

Former_MSE_Guy · 2011-07-19 09:40:01

This is the discussion thread for the following MSE News Story: "The number of home loans for those with a limited deposit has risen to its highest level in over two and a half years ..." Read the full story: Rise in 90% mortgages

Comments

Thrugelmir Posts: 89,546 Forumite

20 July 2011 at 5:23PM

Paulgonnabedebtfree wrote: »

Mind you, some people will be OK with a bit of negative equity - so long as they have no intention of moving for quite a while and so long as they won't need to raise any money on the house. If the payments remain affordable, negative equity is just a fairly meaningless number for some people.

Agreed. Negative equity is a red herring. What matters is the ability to repay the mortgage every month. .

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