UK Money News
4th August 2008
One in five Northern Rock customers 'facing negative equity'
Around 20 per cent of Northern Rock customers are to be confronted with negative equity in the next 12 months, it has been reported.
According to the Daily Telegraph, around five per cent of the bank's mortgage customers are currently facing a larger mortgage debt than the value of their home.
However, as a result of slumping house prices, this is set to hit another 15 per cent of its customer base, with those who took out high loan to value deals with the lender set to be hit hardest.
This is due in part to the fact that this group are finding it hard to remortgage with another provider due to the fact that they have not built up significant equity in their properties.
Details of how the lender's mortgage book has deteriorated are set to be released in its latest trading report which will be unveiled next week.
back to August's Money News
This article and more Latest Money News can be found on MoneyCrocodile.co.uk
Personal Loans from UKPersonalLoans.com
Personal Secured Loans for Homeowners and Personal Tenant Loans for Non-Homeowners. You can apply online for an Any Purpose Loan or Personal Debt Consolidation Loans or use one of our Loan Calculators.
Debt Advice from ReduceDebt.com
Debt problems? Refused a loan? Got CCJ's or Arrears? Get the best advice and help by enquiring online. Our Debt Professionals will help you whatever debt problems you have. Some of the options available to you are Debt Management, Debt Consolidation, Debt Couselling and IVAs,
UK Personal Finance from MoneyCrocodile.co.uk
UK Online Personal Finance site covering: Loans, Mortgages, Credit Cards, Insurance, Debt Advice, Bankings and Savings, Finance Tools and Money Jargon. We also cover Any Purpose Loans, Secured Loans, Personal Loans, Tenant Loans, Car Loans and Debt Consolidation Loans. If you are looking for Personal Finance let Money Crocodile put a smile on your face.
Car Loans from GBCarLoans.com
Don't just accept the dealers finance - get a quote from us before you buy!. UK Car Loans for New Cars or Used Cars: Supermini, Small, Hatchback, Saloon, Estate, MPV, 4x4, Sports, Luxury, Executive, Cabriolet or Classic Car.
Tenant Loans from TenantLoan.com
If you're looking for a low cost tenant loan, then look no further. We aim to find you a highly competitive interest rate and you can borrow anything from £5,000 and £250,000 with up to 25 years to pay.
