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News UK & Ireland Europe USA & Canada Caribbean Africa. ... Negative equity is a real risk again after years out of the spotlight - and it means bad news for people buying houses.
Nearly half a million UK households are still in negative equity - meaning their homes are worth less than the mortgages on them, figures show. There is wide regional variation, with 41% of ...
Find out what negative equity on your property and home is, how it affects your finances, and what your options for remortgaging or selling are. ... which supports our mission to be the UK's consumer ...
Recent Bank of England figures show that 1.1 million property owners in the UK are in negative equity – where their mortgage is higher than the value of their home.
Properties can often fall into negative equity when prices fall and it can prove to be a real problem. It’s estimated that there are around 500,000 properties in negative equity in the UK, with ...
Positive thinking on negative equity: What to do if your home is worth less than your mortgage Less than a year ago, it was all talk of bubbles in the UK housing market.
Northern Ireland has the highest rate of negative equity in the UK – with some homeowners likely to remain stuck with a home worth less than the mortgage on it for the next decade.
GAP insurance covers the negative equity on a car finance deal if you owe more than the car is worth at the time of write-off. However, you may need to buy an extra policy if you want to cover ...
You’re in negative equity if you owe more on your car finance than your car is currently worth. ... NerdWallet UK website is a free service with no charge to the user.
Another option is a negative equity mortgage - but these are rare. Otherwise you'll have to try to wait the problem out. READ MORE: Nearly half of UK households plan on cutting back this Christmas ...