THE EFFECTS OF NEGATIVE EQUITY
Debt is highly emotive. Many who own a property in Negative Equity feel trapped and unable to move on, being dubbed “mortgage prisoners”.
The threat of the crippling debt left after a sale may be enough to prevent anyone considering a sale or move, so feel the only option is to wait until house prices rise. However, the market may never return to the prices they once were. Couple this with having to keep paying the mortgage every month leaves the owner in a predicament to say the least.
EU Property Solutions know there are options in place for borrowers in Negative Equity. We work with a variety of lenders across Europe and can tailor our services based on your circumstances and lender. You are not a mortgage prisoner and we can find a way out of your predicament.