Should you worry about Negative Equity? Can you avoid Repossession?

Currently the headlines are reporting what appear to be 'huge' numbers of people in negative equity (reports are around one million people) and repossessions are rising by the minute, estimated at 75,000 in 2009.

Watch Kate's video on Negative Equity and Repossession, where she worked with Nottingham Trent University's media team and students to produce the truth about Negative Equity: that if you aren't selling and if you can continue to pay your mortgage it's not something to worry about.

Repossession is growing, but from an all time low, and although it's awful for anyone to be repossessed and 75,000 sounds a 'high' figure, it's important to remember that this equates to less than 1% of the number of people affected who have a mortgage. And if you are in fear of repossession, there are lots of things you can do to avoid it. Watch our video on Repossession and also our article on Repossession if you need further help.