Why some homeowners like Meg are at risk of slipping into negative equity

Meg, a 46-year-old homeowner, finds herself in a precarious situation where her property's value has plummeted below her mortgage, placing her at risk of negative equity. This scenario is becoming increasingly common due to market fluctuations and economic downturns, which have led to a drop in house prices. For those who bought with a minimal 5% deposit, this shift can mean significant financial strain, as they may owe more on their mortgage than their home is worth. Understanding these dynamics is crucial for homeowners to navigate the risks tied to property investment in a volatile market.