Property News in the UK

UK property news and links to various property websites. mortgage news, house price news, interesting properties for sale.

Friday, November 17, 2006

Watch the 125% mortgage trap

First-time buyers taking huge mortgages that are larger than the value of their home could wait five years before they break even.

And if house prices do not continue to rise at their current rate buyers risk being trapped in their home by negative equity for years.

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