Figures show 1 in 10 property owners in north-east living in houses worth less than mortgageFalling house prices have pushed more than 900,000 homeowners into negative equity, according to the industry body representing mortgage lenders.The latest data from the Council of Mortgage Lenders issued yesterday, reveals that the north-east of England has the highest proportion of people trapped in properties worth less than their mortgages. Continue reading…
Source : theguardian.com
Read more…900,000 homeowners pushed into negative equity, says mortgage body
