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Legal & General urges consumers to consider mortgage payment protection

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Legal & General’s Peter Graham urges consumers to consider mortgage payment protection insurance despite the apparent economic recovery, "While it is fantastic to see unemployment levels falling, the reality is that unemployment typically lags behind a move out of recession, and so we could see figures still rise over the coming months. People may start to feel more confident about their employment situation, but many will still be struggling to pay their bills, including their mortgage repayments. Recent stats from the Council of Mortgage Lenders highlighted that home repossession in 2009 were the highest it has been since 1995. It is essential that people protect their homes from repossession in the event that they are unable to maintain their monthly repayments. This is where mortgage payment protection insurance is a safety net that many people will need and one that they should be considering if arranging a mortgage"

  

 

Income protection insurance: News update: 18 February 2010

 

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