A recent survey by fairinvestment.co.uk found that up to 21% of mortgage holders in the Britain could be due to face negative equity. A survey of 2000 people in the UK found that 3% had borrowed 125% loan to value (LTV), 5% had borrowed between 101% & 125% LTV and 15% had borrowed over 90% LTV.

These figures highlight the potential danger faced by people in the current financial climate, with house prices still facing potential falls.

Those who aren't planning on selling any time soon will hopefully be able to ride out the storm until the market makes a recovery. However these figures should emphasize the importance of finding the best mortgage deal possible, as if your mortgage becomes a burden, it is not as easy to sell up and walk away as it has been over the last few years.

If your current deal is due to expire, it is vital that you contact your mortgage broker as soon as possible to ensure you get the best advice possible.