The official figures for the number of repossessions for the period of April to June this year have just been released and show that the number of houses being taken back by the banks and building societies through the courts, has risen a massive 71% than a year earlier.
With 11,054 new cases in Q2, the Council of Mortgage Lenders are predicting even higher repossessions for the period just finished and a spokesman estimates that by Christmas 2008 170,000 homes will be under threat from repossession, being 3 months or more behind with their mortgage repayments.
With the economy only just on the start of the road to recession, the picture for the new year looks gloomier daily.
If you believe that your job may be under threat in the not too distant future, mortgage payment protection insurance is the sensible option to keep the baillifs and wolves from your door. You should be aware that these policies will not pay out if you are made unemployed during the first month of the policy – so act now!
Government take two thirds stake in RBS Insurance
The government been forced to take ownership of 57% of Royal Bank of Scotland after it’s own shareholders took up on just 0.24% of its capital raising. More about Commercial General Liability Insurance
The government will pay £15bn for the majority stake in the troubled bank and £5bn in preference shares following its bid of the UK’s biggest bank bail-out.
This bail-out will leave the long suffering taxpayers with an instant paper loss of £2.3bn, as RBS shares have recently been trading at a much lower share price than the 65.5p offer revealed last month.
In a bid to increase value for taxpayers and stop future politicians making business decisions about the running of banks, the government’s shares will be held by an independent UK Financial Investments Ltd. (Who are they?)
According to the newswires RBS has been trying to flog RBS Insurance all year to raise £7billion, prior to the banks recent troubles!
As part of The Royal Bank of Scotland Group, RBS Insurance is one of the largest general insurers in the UK, employing over 18,000 staff and incorporating many of the highest profile household names in the business, including Direct Line, Churchill, Green Flag and Privilege, amongst others.
Dolphin Riding Accident Insurance
Yep it’s true – Dolphin Riding Accident Insurance! – if you visit Personal Accident they can offer you sports accident insurance and sports travel insurance for such activities as Dolphin Riding and Swimming with Dolphins. They also have a range of travel insurance products and protection products for just about every sports activity and contingency that you might encounter er! swimming with dolphins…..
Anyway here’s the ‘loan shark’ loan payment protection insurance commercial!!
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