Lime Legal
LocalGov

Shaky ladder

31/10/2023

Posted by:
Julian Birch

THE NUMBER OF PEOPLE taking out a mortgage worth more than the value of their home has soared by 70% in a year, according to mortgage brokers quoted in today’s Daily Mail. The ‘100% or more mortgages’ allow them to get on to a property ladder that is still moving out of reach but leave them highly exposed to negative equity if the market cools.

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