August 12, 2010
UK Q2 Property Repossessions, Mortgage Arrears Fall – CML | ForexLive
of higher interest rates, a possible rise in unemployment, a counter-productive stigma hanging over mortgage payment protection insurance , uncertainty over future debt advice funding, reduced government support for mortgage payments, …
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UK Q2 Property Repossessions, Mortgage Arrears Fall – CML | ForexLive
Filed under UK Insurance by on Aug 12th, 2010. 
Comments on UK Q2 Property Repossessions, Mortgage Arrears Fall – CML | ForexLive
Nice to Simon in action on the TV. I’m really pleased to know Simon Burgess and all the work he has done with his mortgage payment protection insurance in the UK
Free debt advice and help for England and Wales with guides on Debt Management Consolidation Loan IVA and Bankruptcy financial solutions
I would much rather pay a higher interest rate on a reasonably priced house than buy a house now at an inflated price because interest rates are at historic lows. Why? Even though your monthly payment is the same, when you go to sell your house the new buyer won't get that great interest rate you got and won't want to pay the inflated price you paid back in 2009 since his interest rate is >8%.
Like I say – we're in the shit. But why then manipulate the situation to make it seem worse than it actually is? 10% of mortgage borrowers are not in arrears – 5% are. The casual doubling of that (bad) figure is indicative of the sort of doom-mongering I'm talking about. In the good days the typical mortgage arrears rate was 2.37%, so it's effectively doubled from the baseline, and no doubt will get higher, but it's not 10%, and it's a long way from the scenario painted by Kelly.
Panic isn't useful to anyone – I'm with Lance-Corporal Jones in that regard.
I think if you live in the UK and you have a mortgage, you should consider some form of UK mortgage protection like this. As far as I know British insurance offer the best and most affordable policy available today. Unfortunately i was not aware that I didn’t have to go to my mortgage provider to get cover for mortgage payment protection insurance..I think I paid about twice that for my MPPI insurance. Ah well, at least it kept a roof over my head!
Mortgages Mortgage, Payment Protection. Mortgage payment protection, is a new type of insurance that has gained popularity in the UK. In the US such insurance tends to be called mortgage insurance. Those who buy a home with less that 19% down may be required, to purchase such insurance to get the … more … Statistics : 1 Post || 7 Views Post by Rodolfood
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