Posts Tagged ‘negative equity’

The credit crunch: One year on

The credit crunch: One year on
It was around this time last year that the first rumblings began emerging from the international markets of serious problems with the US sub-prime mortgage market. Many of us have felt the resulting effects of tightened credit conditions, and it’s far from over – in fact, it appears that things are still getting worse. The British Bankers Association recently reported that the number of new mortgage ...
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The reluctant eco-warrior

The reluctant eco-warrior
I have a dark secret: I have thus far been reluctant to embrace a green lifestyle.  To me, words such as ‘green’ and ‘eco’ summon thoughts of middle-aged, unwashed types who give their children names like Star and River.  Not to mention the fact that I derive intense enjoyment from long, hot showers and long-haul flights to tropical holiday destinations. And I don’t like mung ...
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Riding out the negative equity storm

Riding out the negative equity storm
Morgan Stanley recently delivered a grim warning that within the next 12 months UK house prices will fall by 15 per cent, and 1.2 million people will be pushed into negative equity as a result. Many homeowners, particularly first time buyers, have borrowed 100% or more of their home’s value when taking out a mortgage over the past few years.  As property prices have ...
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