Debt misery blamed on endowments
Debt misery blamed on endowments
- 1995
- Daily Telegraph 21 January 1995, M1 Economist 334(7898) 21 January 1995, 30 Financial Times 21 January 1995, 1(3) .
Research by UBS, the stockbrokers, concludes that half the 1.3m households with negative equity would not be in debt had their property been financed by repayment mortgages. Households so affected rose by 200,000 in 1994 as anticipated revival in the housing market failed to materialise and house buying patterns appear to have changed.
AFFORDABILITY
ENDOWMENT MORTGAGES
FEEL-GOOD FACTOR
NEGATIVE EQUITY
REPAYMENT MORTGAGES
WEALTH EFFECT
Research by UBS, the stockbrokers, concludes that half the 1.3m households with negative equity would not be in debt had their property been financed by repayment mortgages. Households so affected rose by 200,000 in 1994 as anticipated revival in the housing market failed to materialise and house buying patterns appear to have changed.
AFFORDABILITY
ENDOWMENT MORTGAGES
FEEL-GOOD FACTOR
NEGATIVE EQUITY
REPAYMENT MORTGAGES
WEALTH EFFECT