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Fears that negative equity could affect up to three million homeowners

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  • Fears that negative equity could affect up to three million homeowners

    The Bank of England’s warning that the number of homeowners caught in negative equity could rise from about half a million at present to 1.2 million by 2011, has been considered to be too optimistic.Michael Saunders, a Citigroup economist, has pointed out that the Bank of England bases its figures on a survey of households [...]

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