Negative Equity can happen for a number of reasons. For example, if you purchased your property during a market peak and prices dropped, you might be in negative equity. You could also find yourself in negative equity if you bought your property with a 100% or 95% mortgage, which leaves you highly reliant on capital growth to build your equity. Another reason for negative equity is a long-term local or national economic slowdown, or the sudden bursting of a housing bubble.
Negative Equity Property is a huge problem in the UK that no-one seems to want to admit, recognise or try to sort out. It is like a ticking time bomb just waiting to explode and there are going to be a lot of casualties. We do not want you to be a victim of this …
When you realise your property value is less than your outstanding mortgage balance, selling your house in negative equity might be your initial reaction to get rid of the problem and start over again. We get asked all the time – can I sell my house in negative equity? The problem arises when you haven’t …
I’m sure you have heard the phrase: Been there, done that, got the t-shirt! So, yes I have been through dealing with property negative equity a number of times with a few properties, so I speak from experience and not just the theory of it all. The First Negative Equity Experience To be honest, this …
Whether it is the property crash of 2008 or the Coronavirus Covid-19 pandemic of 2020, the affects of these two major financial crashes will be felt for years to come. A fall in property prices when there was originally very little equity in a property in the first place, will lead to negative equity in …
This is an article on negative equity mortgage solutions that are available in the UK market. Put simply, if your mortgage is higher than the value of your property, then you are in negative equity. Main Causes Of Negative Equity There can be various causes for having a property in negative equity and you definitely …
Is your property in negative equity? Are you wanting to know what that means for your current and future circumstances? Hopefully, this article will help you find out what this means for you and what affect it has on you being able to move home or re-mortgage. What does it mean if your home is …
Interest Only Mortgage Time Bomb – are you one of the 1.9 million households in the UK that have an interest only mortgage? Those that are in the position of having interest only mortgages are risking having to sell their homes when their mortgage deal comes to an end. This is because they are not …
Interest Only Mortgage Time Bomb About To Explode? Read More »
Property In Negative Equity Need To Sell? – there could be a number of reasons why you need to sell your property, but you cannot because of negative equity in the property you want to sell. Find out more about selling a house in negative equity by reading on. Why You Need To Sell Your Negative …
Property In Negative Equity Need To Sell Your House? Read More »
The next thing to consider is if bankruptcy the only option. Option 4 – Is Bankruptcy the Only Option? When you are in circumstances where the debt levels are very high, then bankruptcy might well be the best legal option for you. There used to be a terrible stigma associated with bankruptcy, but since the …
It is a different matter when you have a number of negative equity rental property to deal with, instead of just your own home. Option 3 – Negative Equity Rental Property When you are dealing with a number of rental properties that are in negative equity, it would be unwise to use the method we suggested …