Brokers offer insurance against negative equity

Homeloan Partnership (HLP), the mortgage network, has signed a deal with Equity Protection Policy (EPP) which would give homeowners access to a new insurance product which protecting them against a sudden fall into negative equity. Launch of the new product comes just ahead of what could be an economic downturn in 18 months time, based on predictions from city experts, says HLP. It may be that some homeowners will need to sell up because of the expected rise in interest rates, says HLP, so this insurance is designed to provide some peace of mind to policyholders to should the need to ...