The threat of negative equity has been exaggerated somewhat of late, a mortgage website has claimed, while there are still option open to those homeowners who are affected. This week, the Council of Mortgage Lenders has warned that 23,000 people who took out 100 per cent mortgages over the year to the end of March could find that, as house prices fall, the amount they still owe on it exceeds the value of their home. Yet Your Mortgage's editor Pauline McCallion has responded that homeowners who borrowed at a loan-to-value of 100 per cent or more two or three years ago should by now have repaid enough of their mortgage for negative equity not to be an issue.