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Bingley Bloke

If Eas Are So Confident, Why Don't They Offer 'gap' Insurance?

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When you buy a new car on finance the dealership often offers something called 'gap' insurance. Basically, this is a cover that lasts for the length of the finance agreement and will pay any shortfall on the loan should the car be written off and the insurance company doesn't pay out enough to cover the outstanding finance.

If etstate agents are really so convinced that propery values can only go up, up and up, then why don't they offer gap insurance on houses so that, if you were forced to sell your house for any reason, any shortfall between the outstanding balance on the mortgage and the sale price achieved was covered? After all, if what they say is true then they'll never be exposed to any risk, will they?

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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