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 [...]
negative equity
UK addicted to house price inflation
Mortgages should be capped at 90% of property values and at a maximum of three-and-a-half times household income, according to a new report from the Institute for Public Policy Research (IPPR). The think-tank wants to see caps on loan-to-value and loan-to-income ratios to help stop another housing bubble, and argues that the UK’s “addiction to [...]
