The effectiveness of mortgage payment 'safety-nets'

Elaine Kempson, Janet Ford and Deborah Quilgars

Current Government policy expects mortgage borrowers to protect themselves from loss of income following unemployment, accident or sickness through private insurance and the state safety-net for mortgagors has been cut substantially.

This research evaluates the effectiveness of both private mortgage payments protection insurance (MPPI) and the diminished state provision (ISMI) in helping people avoid arrears and examines how effectively the two systems are complementing each other.

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