A recent study has revealed that a significant number of homeowners have taken out mortgage loans to the value of their homes, significantly risking equity peril in the near future.

In the survey by Fairinvestment.co.uk, 21% of homeowners admitted to borrowing up to 90% of the value of their houses.

Commenting, chartered financial planner at Fairinvestment.co.uk, Sharon Bratley said: "Our statistics show that, although the days of high LTVs are now in the past, there are a number of mortgage holders out there who did borrow more than 90 per cent of their home's value.

"These homeowners could now be at risk of negative equity as house prices continue to come down, particularly if they bought their house within the last three years," she said.