Press Release Summary = So it is the responsibility of the people to get their mortgage insured to protect their families and homes. In this connection it may be mentioned that there are a number of mortgage insurance policies to cover mortgage payments in the event of unemployment.
Press Release Body = A good number of people in the UK have the impression that their mortgage will be paid off by the government if they fail. Observing this trend the government urged the Brits to "make it their responsibility to ensure that their families and homes are protected"
London (bad-credit-mortgage-choice) July 13, 2006: A new research has revealed that many people in the UK are "living with a false sense of security", thinking that the government will take care of their mortgage in case they become unemployed.
According to Ian Noble, the head of strategic partnership at Lincoln Financial Group, "millions of people" are subject to this illusion. Mortgage relief in the UK has been abandoned 11 years back. But figures from Lincoln show that 3.85 million Brits believe that it does exist even now.
Surprisingly the group's study indicates that more than three million people do not know how their mortgage will be repaid if they become unemployed. The government is not going to pay for the citizens' mortgage in the event of unemployment, told by Mr. Noble. It will put the Brits in further danger because there is no alternative to mortgage relief.
So it is the responsibility of the people to get their mortgage insured to protect their families and homes. In this connection it may be mentioned that there are a number of mortgage insurance policies to cover mortgage payments in the event of unemployment.
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