The North-South mortgage divide: Negative equity map of UK shows clear schism | Mail Online
Soaring numbers of homeowners are being crippled by a mortgage which is bigger than the value of their home, a crisis which is hurting homeowners in the North far more than the South.
Over the last 18 months, the nightmare of ‘negative equity’ has trapped hundreds of thousands more families as house prices plunge around Britain.
Negative equity means that if, for example, you have a mortgage for £150,000 but your house is worth £100,000, the ‘negative equity’ is £50,000.
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