The problem of negative equity
Language: English Series: Financial Times ; 7 November 1992, 8 & VI | Times ; 7 November 1992, 32(2)Publication details: 1992Subject(s): Summary: A consumer-led recovery is viewed as unlikely with 1.5m mortgage holders with negative equity. In an attempt to address the mortgage debt trap, the Woolwich have launched a scheme, whereby parents` homes can be used as security against the shortfall on the sale of their children`s property.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2844-20 (Browse shelf(Opens below)) | 1 | Available | 59564-1001 |
A consumer-led recovery is viewed as unlikely with 1.5m mortgage holders with negative equity. In an attempt to address the mortgage debt trap, the Woolwich have launched a scheme, whereby parents` homes can be used as security against the shortfall on the sale of their children`s property.