Real Estate & Home

Surging low deposit lending sparks negative equity fears as property prices slide

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A significant increase in low-deposit mortgages, totaling $15.6 billion in the last nine months, is raising concerns about financial vulnerability for new homeowners. This trend, fueled by a government scheme, is particularly worrisome given the current decline in property values and a rise in mortgage arrears above historical averages. It’s crucial for homeowners with minimal equity to monitor their financial situation closely, as negative equity is a potential risk.

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