827,000 Homeowners Have Negative Equity
According to new figures released by the Council Of Mortgage Lenders, 827,000 people are in negative equity with their homes.
The new statistics are close to the same as they were when the recession began back in 2008.
David Hollingworth, of mortgage brokers London & Country, said “In the current cycle low interest rates and a relatively stable employment market are providing more options for borrowers and lenders in difficulty,”
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