Our definitive guide to negative equity
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Definitive guide to negative equity
What is negative equity? Why is it a problem? What can be done to deal with it?
Negative Equity UK
At Negative Equity UK, we know that our clients have questions. Most people don’t spend their time thinking about negative equity, IVAs and interest rates, but at Negative Equity UK we spend every day dealing with these issues. So, to help potential clients understand their situation and what we can do to help, here is our definitive guide to negative equity.
What is negative equity?
Essentially, negative equity describes a situation where a property is worth less than the outstanding balance of the mortgage which was borrowed in order for the homeowner to buy the property.
For some borrowers negative equity is manageable, if they can stay in the property and keep up with their repayments, but for others who need to move or who can’t afford the cost of the mortgage negative equity can be a crisis.
- What is negative equity?
- House worth less than the mortgage?
- What happens if I can’t pay my mortgage?
| How we can help
At Negative Equity UK, we see clients from a wide range of backgrounds in all sorts of different circumstances. Some of our clients have had a change of circumstances, such as losing a job or becoming ill, that has made their mortgage unaffordable, others took out interest only mortgages without a way to repay the principal loan. Whatever the situation, we can help.