Falling house prices 'trap' homeowners

Millions of mortgage holders are effectively trapped in their homes because their deposits, or savings, have disappeared, according to a new report.

Falling house prices over the last five years have meant dramatic reductions in the amount of equity that homeowners possess.

The report, by Lloyds TSB, says the trend is causing a bottle-neck in the housing market, and preventing many families from moving.

Brian Milligan reports.

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