Negative Equity Grips UK

It looks like negative equity is gripping the UK property market in a vice like grip.

The country’s biggest mortgage lender said prices slumped 2% in June from May, adding to May’s 2.5% fall and April’s 1.5% drop. The resultant 5.5% drop for the quarter was the worst since Halifax’s records began 25 years ago and far worse than at any time during the housing market collapse of the early 1990s.

But what can you do about negative equity? Whatever you do it’s going to be painful. Simple thing is to reduce your outgoings and increase your income. Take proactive active, like like a monk, start up a home business selling all the crap you have collected whilst times were good. It’s never been a better time to make a bit of money, yes I know it’s not the British way, we are much more likely to sit on the sofa and moan about those pesky Yanks. Stop your moaning, clean out the attic, and go and stick it on Ebay. It’s never been a better time to make money, you have a computer, you have access to the internet, go make some cash. It’s not that hard Source