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Cost of owning crisis as 50,000 fall into negative equity

Minority files affidavit to oppose police application blocking BoG protest

Minority files affidavit to oppose police application blocking BoG protest
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Hong Kong homeowners slash prices as they race to sell before property values fall further

The city’s homeowners, under pressure from rising interest rates and a supply glut, are offering steep discounts as they race to offload their properties quickly before the market falls further.

Transcripts for BBCNEWS Politics Live 20240604 11:04:00

the boots of lord john prescott but i think it is safe to say he has no hassle mr speaker. why is it that john prescott asked that in tory britain tens of thousands of families are facing repossession, negative equity, and homelessness. can he tell us, 27 years later, why am having to ask the same question again? am having to ask the same question auain? . , am having to ask the same question atain? ., , ., ., .,, again? clearly the right honourable lad did again? clearly the right honourable lady did not again? clearly the right honourable lady did not listen again? clearly the right honourable lady did not listen to again? clearly the right honourable lady did not listen to my again? clearly the right honourable lady did not listen to my previous . lady did not listen to my previous comments. the prime minister is at nato, of course. that would not be a problem if she had had her way. her old boss wanted to abandon ukraine, abolish the army, and withdraw from nato. he certain

Transcripts for BBCNEWS The Context 20240604 20:46:00

some lenders will go up to the age of 80. 80?! yeah. it just depends. it is all lender specific. in terms of the term lengths, sort of 30 years, a0 years? yes, we can go up to a 40 year term as well. a new ifs analysis by age and region shows people in their 20s and 30s most affected by rising mortgage costs, facing a £300 £360 a month hike. and those in london and the south east, where house prices and mortgages are the highest, face a bigger hit. people such as ewan, a management consultant, having to find an extra £400 a month. if inflation remains sticky, as it is predicted to be, there will be a lot of home repossessions, a lot of people forced to sell. which will cause a bit of a housing crash, and our property is valued based on other people s demand. and so our property might depreciate below the value of our mortgage, so we will be in negative equity. who knows? price rises remain hot, so more interest rate rises

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