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HML

Negative equity risk for 1.7m households

by Gill Montia.

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A 10% fall in UK house prices would double the number of households in negative equity, to around 1.7 million. The warning comes from financial outsourcer, HML, which estimates that 7.3% of households currently have a mortgage debt that exceeds their property’s worth. The firm also reckons that nearly a third of all borrowers in [...]

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