Some startling finance facts Monday, October 06, 2008
A random selection of statistics re UK mortgage market
- UK Govt nows owns 11% of UK mortgages by value following nationalisation of Northern Rock and Bradford & Bingley; combined Lloyds + HBOS own 28%
- If the UK property market falls 25% from its peak, having already managed 12.5%, 2.5 million borrowers will have negative equity
- 10% of UK mortgages by value are sub-prime
- 10% of UK mortgages by value are buy-to-let
Worried yet?
posted by John Wilson @ 2:14 PM Permanent Link
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