Glasgow is UK's most mortgaged city

Updated 20.35 Fri Feb 01 2008
Keywords: bank, mortgage

Glasgow residents owe the highest percentage in the UK of their home value to the bank.

The average home in Glasgow is mortgaged to 94.5%, and Motherwell is the most mortgaged town with up to 95% of property value still owed to the bank.

Woolwich in south east London is England's most mortgaged area, with homes mortgaged up to 91%

Woolwich in south east London is England's most mortgaged area, with homes mortgaged up to 91%.

Birmingham and Nottingham have similarly high ratios.

Experts claim the figures are leaving many home owners vulnerable to negative equity.

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