Negative equity insurance is not the answer | Business | guardian.co.uk

Negative equity insurance is not the answer | Business | guardian.co.uk

Negative equity mortgages are slowly creeping into the Irish property market to try and help families unable to sell up to move house.

But the deals are private and the banks certainly don't like admit they are doing them.

Now along comes an insurance company with a "negative equity insurance" product to try and help sellers shift property at a time when prices are still falling.

Financial services company IFG reckons its product will enable home-buyers insure against a drop in property prices.