Negative Equity Is New Fear for Rock ; Thousands of People Face Losing Homes
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Summary
UP TO 140,000 Northern Rock homes could be in negative equity within the next 18 months.
Some customers borrowed up to 125% of the value of their home from the Newcastle-based bank before the run on it last year.See the full content of this document
Extract
Negative Equity Is New Fear for Rock ; Thousands of People Face Losing Homes
Now, with house values falling across the country, it is feared the Government-owned institution could be forced to repossess houses.
A report yeste...See the full content of this document
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