Monday, Jun 26, 2006

No help with the mortgage if unemployed

Firstrung: Homeowners warned, the government will not pay your mortgage

Close on 4m people believe the government will help them out with their mortgage if they lose their job, new research from Lincoln Financial Group suggests. It says around one in 12 people surveyed say they think the government will pay their mortgage if they are unemployed while another 3m do not know whether it is the homeowner or the government that would keep up payments if they could not work.

Posted by Converted Lurker @ 04:22 PM (741 views)
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1. inbreda said...

Add to that the number who think the bank will lend unlimited amounts of money with which to bail yourself out of trouble, and the people like that dippy news reader who think the banks will just allow unlimited non-payment periods at their own expense, and the people who don't care because they've got loads of equity in their property portfolios to tap into (not if you're unemployed you haven't buddy!!), and all the people who simply haven't thought this far ahead, and the possibility of the housing market going A over T becomes a near certainty.

Tuesday, June 27, 2006 12:57PM Report Comment
 

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