Monday, April 5, 2010

But i thought people werent falling behind??

The cost of mortgage insurance up 50pc

Mortgage protection insurers said that they have been forced to hike premiums to counter the increase in the number of claims made by home owners that have fallen on hard times. Cardiff Pinnacle, protection provider for the Yorkshire Building Society, said that the increase in premiums is a direct result of the increased numbers in claims. It said that its premiums would rise by an average of £46 per year. A spokesperson said: "We have experienced a 166pc increase in the amount of claims paid from the end of 2008 to the end of 2009.

Posted by mark @ 01:03 PM (930 views)
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3 thoughts on “But i thought people werent falling behind??

  • I really feel we are in the eye of a major storm, things seem too quiet..

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  • Same here… I think the gloves will come off after the election though.

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  • @1 & 2

    Yes, I agree with you guys, this is the lull before the storm. The brown stuff will hit the fan after the election regardless of whether there’s an outright winner or a hung parliament.

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