Negative Equity, Northern Ireland’s Mortgage Time Bomb!
| "Northern Ireland 'facing a mortgage timebomb' - claim" - Business Insight / Irish News
We are thrilled to have been featured in the Irish News & their Business Insight section, one of Northern Ireland’s award winning publications. The article is one with a warning for people in Northern Ireland. With thousands of homes across Northern Ireland currently in negative equity, a rise in interest rates could spell disaster. We often have people across Northern Ireland approaching us with the fear that when Interest Rates go up – they won’t be able to pay their mortgages. If you share this common fear, please get in touch with one of our team today.
Negative Equity NI is here to help those trapped in negative equity or in mortgage debt.For examples on how we have helped other Northern Ireland based family’s, check out our case studies here.
Have a read of the article hereand remember, we offer a free consultation and are completely confidential. Call us today for a chat: 02890 236074 or arrange for us to call youhere.
How is home equity calculated?
Home equity is calculated by subtracting the amount you still owe on your mortgage from the current market value of your home.
Can you have negative equity?
Yes. With standard loans, your home equity will increase over time. With negative-amortizing loans — a loan with monthly payments less than the interest rates — your equity decreases over time as your owed balance increases.