When the value of your home falls below the value of the loan or mortgage secured on it then you are in negative equity - you owe more than you have.
If your home is worth £200,000 but the mortgage is £220,000 then you have negative equity of £20,000.
As local markets rise and fall on an annual basis, but rise in the long term, many people move in and out of negative equity without realising it. The situation only becomes an issue if the owner needs to sell and does not have other funds to cover the difference.
I'm Tim Hill, Author of How to Really Buy a Property. I'm a property buyer, seller, landlord, tenant and I've been an agent in hundreds of transactions. I own a property portfolio across Europe but that doesn't mean I think you should to!
This book is my collective knowledge and experience that I have gained working within the property market of England and Wales for over a decade. I've written it so that you can benefit from what I have learnt whether you are a first time buyer or a budding buy-to-let investor.
There are no gimmicks here and no get rich quick schemes - just practical no nonsense advice so you can buy the property you want at the best price with the least stress.
Download the Free Preview copy right now. I won't be asking for your email so I can bombard your inbox with 'special offers' and 'discounts' because I know most people who read the Free Preview buy the full copy. See for yourself!