Nationwide and Abbey, two of the largest banks in the UK announced today that they were tightening their restrictions on equity mortgages, news that was not received well by those seeking assistance in paying off their bills or getting better rates. Currently, home owners are going to need a much larger chunk of equity for […]
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Canadians Dealing With Equity Mortgage Debt
Posted on April 23rd, 2008 by justin
The amount of equity mortgage and home loan debt in Alberta reached a shocking $60 billion this week. Analysts don’t expect that too many of these equity mortgages will go into default, citing the natural caution of Canadians and the fact that the rates are staying pretty competitive. However, the sheer amount of debt has […]
Negative Equity Mortgage Numbers on the Rise
Posted on April 16th, 2008 by justin
A new map of the housing market in London suggests that the number of negative equity mortgages in the city is on the rise and many are at risk for defaulting. The London Evening Standard obtained the map which shows which areas will be the hardest hit by negative equity mortgages. Although it cannot predict […]
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