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News & Updates
According to ratings agency Standard and Poor's, statistics show that 1 in 7 UK homeowners will go into negative equity in the next 12 months. A report published in today's Guardian predicted that for every percentage point that values fall, a further 0.5-1.5% of borrowers would fall into the red - and with properties predicted to drop by 17% that spells bad news for 14% or 1.7 million of us.
The latest House Price Review will be released by Nationwide tomorrow.
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