{"id":5019,"date":"2013-04-05T16:31:44","date_gmt":"2013-04-05T15:31:44","guid":{"rendered":"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019"},"modified":"2013-04-09T13:31:52","modified_gmt":"2013-04-09T12:31:52","slug":"stagnated-house-prices-result-in-up-to-630000-borrowers-languishing-in-negative-equity","status":"publish","type":"page","link":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019","title":{"rendered":"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity"},"content":{"rendered":"<p><span style=\"color: #000000;\">Figures from the UK\u00e2\u20ac\u2122s consumer finance watchdog have highlighted that up to 630,000 borrowers find themselves stuck in negative equity as house prices continue to stagnate.<\/span><\/p>\n<p><span style=\"color: #000000;\">The figures have been compiled using data obtained from lenders Nationwide and Halifax, with Halifax\u00e2\u20ac\u2122s index showing house prices still 18% below their peak in 2007, leaving 6.4% of Britain\u00e2\u20ac\u2122s homeowners in the red.<\/span><\/p>\n<p><span style=\"color: #000000;\">The Financial Conduct Authority\u00e2\u20ac\u2122s latest risk report, which includes these statistics, also warns that the problem could worsen despite the Chancellor\u00e2\u20ac\u2122s attempt to reignite the housing market. The FCA stated \u00e2\u20ac\u0153Given that house prices remain out of line with their fundamentals, there could be further price falls, particularly if economic or financial conditions deteriorate.\u00e2\u20ac\u009d<\/span><\/p>\n<p><span style=\"color: #000000;\">The current situation however is reasonably mild compared to that of the 1990\u00e2\u20ac\u2122s, when around 1.1 million borrowers were stuck in negative equity, which, according to Bank of England estimates, equated to more than 10% of the total number of mortgaged households.<\/span><\/p>\n<p><span style=\"color: #000000;\">Areas in the south of England suffered the highest percentage of homeowners in negative equity during the 90\u00e2\u20ac\u2122s, with the South West and South East being the most affected areas with totals of 19% and 26% respectively. This can be compared to the latest Halifax Index figures that reveal that in 2013 the percentages of negative equity homeowners in the South has decreased, with the South West and South East both being at 3%.<\/span><\/p>\n<p><span style=\"color: #000000;\">However, it has had an opposite effect in the North. During the 1990\u00e2\u20ac\u2122s, 6% of homeowners in the North East had negative equity along with 5% in the North West. Unlike the South, where percentages decreased in 2013, percentages in the North increased, with both the North West and East rising to 10%.<\/span><\/p>\n<p><span style=\"color: #000000;\">This highlights the ever growing North-South divide in the housing market and the downward price pressure that continues to affect the area.<\/span> <span style=\"color: #000000;\">See our<\/span> <a href=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=4990\">monthly factfile<\/a> <span style=\"color: #000000;\">for more and<\/span> <a href=\"http:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=4924\">this article<\/a> <span style=\"color: #000000;\">to read further on the current geographical divide.<\/span><\/p>\n<p><span style=\"color: #000000;\">Times are undeniably tough but, when it comes to negative equity at least, most of us have it pretty good compared to our 90\u00e2\u20ac\u2122s counterparts.<br \/>\n<\/span><\/p>\n<p><span style=\"color: #000000;\">28\/03\/2013\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0\u00c2\u00a0 BT\/SRJ\/LCB<\/span><\/p>\n<p>[contact-form][contact-field label=&#8217;Name&#8217; type=&#8217;name&#8217; required=&#8217;1&#8217;\/][contact-field label=&#8217;Email&#8217; type=&#8217;email&#8217; required=&#8217;1&#8217;\/][contact-field label=&#8217;I liked this article&#8217; type=&#8217;checkbox&#8217;\/][contact-field label=&#8217;I did not like this article&#8217; type=&#8217;checkbox&#8217;\/][contact-field label=&#8217;Comment&#8217; type=&#8217;textarea&#8217;\/][\/contact-form]<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Figures from the UK\u00e2\u20ac\u2122s consumer finance watchdog have highlighted that up to 630,000 borrowers find themselves stuck in negative equity as house prices continue to stagnate. The figures have been compiled using data obtained from lenders Nationwide and Halifax, with Halifax\u00e2\u20ac\u2122s index showing house prices still 18% below their peak in 2007, leaving 6.4% of &hellip; <a href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stagnated house prices result in up to 630,000 borrowers languishing in negative equity&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-5019","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stagnated house prices result in up to 630,000 borrowers languishing in negative equity - Property Surveying NEWSLETTER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity - Property Surveying NEWSLETTER\" \/>\n<meta property=\"og:description\" content=\"Figures from the UK\u00e2\u20ac\u2122s consumer finance watchdog have highlighted that up to 630,000 borrowers find themselves stuck in negative equity as house prices continue to stagnate. The figures have been compiled using data obtained from lenders Nationwide and Halifax, with Halifax\u00e2\u20ac\u2122s index showing house prices still 18% below their peak in 2007, leaving 6.4% of &hellip; Continue reading &quot;Stagnated house prices result in up to 630,000 borrowers languishing in negative equity&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019\" \/>\n<meta property=\"og:site_name\" content=\"Property Surveying NEWSLETTER\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertySurveying\" \/>\n<meta property=\"article:modified_time\" content=\"2013-04-09T12:31:52+00:00\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=5019\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=5019\",\"name\":\"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity - Property Surveying NEWSLETTER\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#website\"},\"datePublished\":\"2013-04-05T15:31:44+00:00\",\"dateModified\":\"2013-04-09T12:31:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=5019#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=5019\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?page_id=5019#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#website\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/\",\"name\":\"Property Surveying NEWSLETTER\",\"description\":\"The NEWSLETTER\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#organization\",\"name\":\"Property Surveying NEWSLETTER\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/wp-content\\\/uploads\\\/cropped-property-surveying-logo-for-newsletter-body-1.png\",\"contentUrl\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/wp-content\\\/uploads\\\/cropped-property-surveying-logo-for-newsletter-body-1.png\",\"width\":240,\"height\":50,\"caption\":\"Property Surveying NEWSLETTER\"},\"image\":{\"@id\":\"https:\\\/\\\/www.propertysurveying.co.uk\\\/newsletter\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertySurveying\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity - Property Surveying NEWSLETTER","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019","og_locale":"en_GB","og_type":"article","og_title":"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity - Property Surveying NEWSLETTER","og_description":"Figures from the UK\u00e2\u20ac\u2122s consumer finance watchdog have highlighted that up to 630,000 borrowers find themselves stuck in negative equity as house prices continue to stagnate. The figures have been compiled using data obtained from lenders Nationwide and Halifax, with Halifax\u00e2\u20ac\u2122s index showing house prices still 18% below their peak in 2007, leaving 6.4% of &hellip; Continue reading \"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity\"","og_url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019","og_site_name":"Property Surveying NEWSLETTER","article_publisher":"https:\/\/www.facebook.com\/PropertySurveying","article_modified_time":"2013-04-09T12:31:52+00:00","twitter_misc":{"Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019","url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019","name":"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity - Property Surveying NEWSLETTER","isPartOf":{"@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#website"},"datePublished":"2013-04-05T15:31:44+00:00","dateModified":"2013-04-09T12:31:52+00:00","breadcrumb":{"@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?page_id=5019#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertysurveying.co.uk\/newsletter\/"},{"@type":"ListItem","position":2,"name":"Stagnated house prices result in up to 630,000 borrowers languishing in negative equity"}]},{"@type":"WebSite","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#website","url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/","name":"Property Surveying NEWSLETTER","description":"The NEWSLETTER","publisher":{"@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertysurveying.co.uk\/newsletter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#organization","name":"Property Surveying NEWSLETTER","url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#\/schema\/logo\/image\/","url":"https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/cropped-property-surveying-logo-for-newsletter-body-1.png","contentUrl":"https:\/\/www.propertysurveying.co.uk\/newsletter\/wp-content\/uploads\/cropped-property-surveying-logo-for-newsletter-body-1.png","width":240,"height":50,"caption":"Property Surveying NEWSLETTER"},"image":{"@id":"https:\/\/www.propertysurveying.co.uk\/newsletter\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertySurveying"]}]}},"_links":{"self":[{"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/pages\/5019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5019"}],"version-history":[{"count":0,"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=\/wp\/v2\/pages\/5019\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5019"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.propertysurveying.co.uk\/newsletter\/index.php?rest_route=%2Fwp%2Fv2%2Ffolder&post=5019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}