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Negative equity looms for 14% of mortgage holders

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  • Negative equity looms for 14% of mortgage holders

    According to Standard & Poor (S&P), if property prices continue to fall at their current pace, around 1.7 million people could be pushed into negative equity in the next 12 months.The credit ratings agency said this represents 14% of all mortgage holders in the UK whose property will be worth less than their mortgage.A report [...]

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