Are you facing a negative equity trap? | This is Money
With the property market standing on shaky ground, up to 1.5m homeowners could be stuck in negative equity if house prices dive again.
Up to 1.5m homeowners could be lumbered with a mortgage greater than the value of their home, as property prices plunge.
A Money Mail investigation has found the threat of negative equity is hanging over the heads of hundreds of thousands of homeowners who put down deposits of less than 20% during the boom years.
It is difficult for economists to make precise estimates, but many agree a matching fall in house prices could leave between 1.02m and 1.1m homeowners in negative equity.
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