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Equity locked in homes plummets in a decade

Equity locked in homes plummets in a decade

By 2018, the average size of a mortgage for borrowers of the same age had risen to between 50 and 75% of their property value Householders have less equity in their homes than their equivalents before the financial crisis. Analysis by insurer Royal London found borrowers aged 51 to 55 were taking out mortgages worth, […]