Saturday, 7 May 2011

150,000 customers at Lloyds are in negative equity | Mail Online

150,000 customers at Lloyds are in negative equity | Mail Online

Around 150,000 homeowners who have a mortgage with Lloyds Banking Group are in negative equity, the banking giant admitted yesterday.

The astonishing figure highlights the mortgage misery facing families around Britain, many of whom took out super-size loans during the boom.

They are being crippled by the toxic combination of a large mortgage – but a home which is plunging in value.

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