Thousands of Homeowners On Brink of Going Into Red

Daily MailNovember 17, 2008

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Summary


THOUSANDS of Scots homeowners are teetering on the brink of a financial crisis as plummeting house prices send the country towards a negative equity disaster.

Figures from a national credit agency show one Scottish community has become the first in the UK to fall into negative equity - as the average mortgage is now higher than the value of the home.

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Extract


Thousands of Homeowners On Brink of Going Into Red

Now there are real concerns that dozens of oth...

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