Some 23,000 100% mortgage holders in the UK are expected to be hit with negative equity as the property market continues to falter, according to experts.
Negative equity is where the amount consumers owe to their lenders is greater than the value of their home, which can lead to significant financial problems for homeowners.
However, the CML remained positive with a spokesman commenting, "This in itself is not a problem as long as they are able to continue to pay their mortgage (as the overwhelming majority do) and in the longer term house price growth and capital repayments will take them back out of negative equity."