Tag: negative equity
HSBC bank has reported that more than 350,000 home owners in the UK who bought a property in 2007 are in negative equity: http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8888537/More-than-350000-home-owners-in-negative-equity.html What does this mean and what should you do if you find yourself in this position?
I have grown very tired (yawn!) this past month of reading so much negativity in the Press about the property market and property prices. I’ve also got rather annoyed at some of our competitors for, I feel, rather negligently propagating these types of stories. So I thought in this post I would: tell you exactly…