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Northern homeowners face more years of negative equity

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Northern homeowners face more years of negative equity

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More than half of first-time buyers in the North East who purchased in 2007 are still in negative equity with the situation unlikely to change any time soon,

In addition many households technically no longer in negative equity still hold equity of less than 5%.

Stockton said it could be a further five years before house prices in the North East recovered.

Read the full article here on Mortgage solutions

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