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2m homeowners to fall into negative equity FSA warns

January 30th, 2010

More than two million homeowners face falling into negative equity this year the City regulator has warned.

Please consider:
Negative equity total ‘reaches 1.2m’ as houses lose £30000 in a yearUp to 1.2 million households are in negative equity it was claimed as new figures showed the average home lost £30000 from its value over the past year. ...
‘Millions facing negative equity’A claim by a research group that nearly four million homeowners are in, or close to, negative equity prompts strong debate. ...
‘1.2m owners’ in negative equityOne million homeowners are thought to be in negative equity as house prices fall, the Council of Mortgage Lenders says. ...
Negative equity stops home movesFalling house prices mean that two million households have either negative equity or too little equity to finance a house move. ...
One in 10 homeowners in negative equityBank of England says one in 10 homeowners is in negative equity. ...

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