Report
Savings, debt and assets
The effectiveness of mortgage payment 'safety-nets'
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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This report is part of the savings, debt and assets topic.
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