Homeowners Putting Equity Back into Their Homes
UK homeowners have stopped cashing in on te value of their homes - for the first time since 1998, homeowners put more equity back into their homes than out.Households put £2.8bn of equity back into their houses in the 2nd quarter of this year, the first time there has been a negative withdrawal since 1998. In the first quater, £5.2bn was withdrawn from homes and £10bn taken out in the 2nd quarter of 2007.
This data comes after the reported collapse of mortgage lending in August, with borrowers being affected by higher mortgage costs, tighter credit conditions and falling house prices.
Quick House Sale Calculator
Fall Through Index
Refer a Friend
T: 0800 068 3366 
Email Us 
Facebook
0 Comments:
Post a Comment
Links to this post:
Create a Link