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Sat 04 Apr 2009Negative equity a reality for up to one in 20 home owners in the North
A RECORD number of people who bought property at the height of the boom are facing a negative equity crisis in the North, new industry research has revealed.
The Council of Mortgage Lenders (CML) in the UK said the severe fall in house prices in Northern Ireland means thousands of homes are worth less than the mortgage on the property.
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