Financial Services Authority (FSA) to tackle mortgage concerns !
The FSA has launched an awareness campaign after a survey found that one fifth of borrowers are worried about meeting their mortgage payments. A quarter of these people do not have any provision or insurance in place to help with their mortgage payments in the event of accident, sickness and redundancy.
This is a staggering statistic when you consider that people will happily £300 a year to insure a £5,000 car, yet wont pay £300 a year to insure against losing a house worth £100,000 plus !!!!
