Coventry BS offers 100% mortgages
Coventry building society has become the first lender to offer re-mortgage deals worth 100 per cent of a property’s value to customers in negative equity. Customers who took out loans…
Tag: negative equity
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Nearly one million borrowers in negative equity
Falling house prices have forced 900,000 mortgage borrowers into negative equity, research by the Council of Mortgage Lenders has found. Three in four have an average shortfall of between £6,000…
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Kate Barker in favour of 100% mortgages
Kate Barker, a government adviser on housing and member of the Bank of England’s rate setting committee, has said that mortgages which leave buyers with a risk of negative equity…
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Mortgage holidays could end in lawsuits
Banks have warned Gordon Brown that the £1 billion scheme to underwrite mortgage holidays for cash-strapped homeowners could result in a wave of lawsuits if house prices continue to fall.…
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Five million facing negative equity
As many as five million homeowners could be in negative equity by the end of this year if house prices continue to fall research by GfK NOP found. An estimated…
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Repossession fear grips Britain
One in three Britons is worried their home may be repossessed, with three-quarters of people claiming the government should do more to help struggling homeowners. Consumer group Which? found that…