Top
New York  London  GMT  Tokyo  Sydney 

Fitch: 15% prime UK mortgages in negative equity; set to reach 34%

By   || June 23, 2009 at 08:18 GMT
|| 0 comments || Add comment

Fitch Ratings says in a report published today that 15% of mortgage loans by value in UK prime RMBS master trust programmes are in negative equity.  The agency expects that to increase to 34% if house prices fall in line with Fitch’s expectations of a 30% house price decline peak to trough, which would mean a further 14% fall from today’s values.

Northampton, Nottingham and Derby are the worst effected cities. Fitch’s analysis shows that the East Midlands has the highest proportion of loans in negative equity.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

Comments are closed.

Bottom