§ Chris RuaneTo ask the Chancellor of the Exchequer what estimate he has made of the number of mortgage holders experiencing negative equity in each of the last 20 years. [58635]
§ Ruth KellyHM Treasury do not make estimates of negative equity. Estimates from the DTLR are shown in the table. Figures were not produced pre-1989, and have not been produced post-1997 on the grounds that with rising house prices the number of cases are likely to be negligible.
DTLR end year estimates of numbers of mortgage holders with negative equity Thousand 1989 78 1990 340 1991 507 1992 1,221 1993 894 1994 677 19951 907 19961 226 19971 30 1 Different methodology used for estimates from 1995.