Buy-to-let mortgage holders could face negative equity
The Financial Services Authority warned on Monday that 2.5 million UK property owners could face negative equity as house prices decline.
Of those 2.5 million, 500,000 are thought to be buy-to-let mortgage holders, whom the FSA have highlighted with particular concern.
Property prices, the FSA said, are expected to fall further until 2010, meaning that the worst has not yet happened for many mortgage holders.
