Posts Tagged ‘dump on the fragile UK property market’

UK Mortgage Market

Thursday, December 25, 2008 11:44 No Comments

The UK mortgage arrears are more correlated to unemployment levels than house prices. UK homeowners, unlike their US counterparts with “no recourse” home loans, tend not to send the house keys back to the bank just due to negative equity.
Recent days, with a warning of a further 15% fall in house prices, chief executive of [...]

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