000			01392cad a22002175a 4500
001			L147222
008			090417s2009 xxka g s 000 0 eng d
035			_a(Sirsi) u147222
041	0		_aeng
110	2		_aCouncil of Mortgage Lenders _95903
245	0	0	_aHomeowner housing equity through the downturn _h[electronic resource]
260			_c2009
490		0	_aHousing Finance _v(1) 2009
520			_aIn the wake of the global credit crunch, considers UK housing market conditions and housing equity and compares this with the property cycle in the 1990s. Estimates the scale of negative equity for UK homeowners and looks at what this means for market prospects. Suggests that about 13% are now in some degree of negative equity. Highlights that negative equity does not of itself affect the ability to keep up mortgage payments or create a risk of repossession. Concludes that it is vital that borrowers do not voluntarily give up possession of their property when negative equity arises.
520			_aThe estimation method used is set out in an accompanying technical note (see L147223).
590			_aKA NTK
651		4	_aUnited Kingdom _y
690			_aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY MARKET
856	4	0	_uhttps://www.cml.org.uk/cml/filegrab/Homeownerhousingequitythroughthedownturn.pdf?ref=6360 _zView the report free of charge at www.cml.org.uk
942			_n0
999			_c81438 _d81438