The 830,000 homeowners in negative equity trap

More than 800,000 families are crippled by a mortgage larger than the value of their home, an alarming report warned yesterday.

The Council of Mortgage Lenders report said the number trapped in negative equity was ‘negligible’ before 2005.


But numbers have ballooned to 830,000 families because of super-size mortgages and collapsing house prices.   Read more...

Related articles

• Negative equity affects 827,000 (bbc.co.uk)


• 800,000 homeowners in negative equity (telegraph.co.uk)

'It's worse than the Great Depression': Home prices suffer double-dip back to 2002 levels

Home prices are nationally back to 2002 levels after suffering a double-dip - and have now fallen by more than they did during the Great Depression.

Foreclosures, a glut of unsold homes and people’s reluctance or inability to buy have driven single-family home prices back below their 2009 low.  | Mail Online

• What Is the Housing ‘Double Dip’?

Also read:

• Double Dip in Housing Confirmed, Data Shows 'No Recovery or Even Stabilization'
• Double Dip in Housing, Could Double Dip Recession Be Next?
• What Does the Housing Double Dip Mean for Banks?