Report showed that 3.5 million households are unable to moves due to their financial situation in housing and mortgage.

Research demonstrated 2 million households are now in negative equity or with equity of less than 10%. Another 500,000 households are now with equity of 10% - 15%. Furthermore, 1 million of households are on sub-prime or self-certified mortgages, which would not be able to renew them when the homeowners move.

Most of the individuals would need to rely on their equity for deposit when they move - which is usually a minimum of 10%. With this factual reason, the households who are in low or negative equity are bound to stick with their current property even if they wish to move.

Despite a large number of people who are restricted by their financial problems, it has been revealed that there is a high interest rate with only a few mortgage deals available in the market for people with less than 15% equity on their property.

This phenomenon - as commented - not only raises serious problem for the concerned households, but also would have a huge impact and consequences on the macro economy. Thus, it is noteworthy for the government to plan and help households who are suffering from this situation.