Mortgage Payment Protection UK
Mortgage Payment Protection Insurance, or MPPI, will make your mortgage payments for up to 12 months if you are unable to work due to accident, sickness or unemployment.
The Financial Services Authority reported that the number of repossessions in the 3rd quarter of 2008 rose by 92% compared to the same period in 2007.
In a report commissioned by Prudential and YouGov they found that a third of the UK population is only 30 days away from financial disaster!
"With little or no savings they are living from monthly payday to monthly payday. 1 in 10 (around 3 million people) said that they feared that their jobs could be in danger yet only one third said that they had insurance to cover job-loss."
