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    ould regret their decision to borrow against the value of their homes. The US is seeing their
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    UK homeowners are, despite higher interest rates, choosing to unlock money tied up in their property. In 2006 homeowners released ?49.7bn of equity from their properties, mainly due to the continued rise of house values. Most commonly the mortgage equity is used to fund home improvements and to pay off personal debts.

    However, if house prices were to fall homeowners could regret their decision to borrow against the value of their homes. The US is seeing their

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    operty. In 2006 homeowners released ?49.7bn of equity from their properties, mainly due to the continued rise of house values. Most commonly the mortgage equity is used to fund home improvements and to pay off personal debts.

    However, if house prices were to fall homeowners could regret their decision to borrow against the value of their homes. The US is seeing their

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    continued rise of house values. Most commonly the mortgage equity is used to fund home improvements and to pay off personal debts.

    However, if house prices were to fall homeowners could regret their decision to borrow against the value of their homes. The US is seeing their

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    ements and to pay off personal debts.

    However, if house prices were to fall homeowners could regret their decision to borrow against the value of their homes. The US is seeing their

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    ould regret their decision to borrow against the value of their homes. The US is seeing their economy slow down prompting fears that it is only a matter of time until ‘the chill’ crosses the Atlantic. Lenders in the US are closing the lines of credit open to people, thus there is less demand for homes and subsequently the value of property is falling. Not only that but in the past few years US banks have been lending money to people with poor credit rating who are n

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