26 Oct

Do not sacrifice mortgage repayments, expert advises

Do not sacrifice mortgage repayments, expert advises

One industry expert has stated that although many people looking for a house for sale in Manchester may be concerned about burglaries, they should not forget about their mortgage repayments.

Barney McCarthy, editor of independent website Your Mortgage, explains that many people are becoming increasingly security conscious and aware that they need to protect their property.

However, they should not spend money on security measures if it means that they are unable to meet their mortgage repayments, he advises.

Mr McCarthy says: "Making your monthly mortgage repayment should be the highest priority on your budget."

Although he believes that insurance should not be compromised when money is low, he thinks that people who are unfortunate enough to be made redundant should still try and make their mortgage repayments.

Mr McCarthy's comments come after LV= revealed that 65 per cent of people think that burglary poses the biggest threat to their home.ADNFCR-1222-ID-19427207-ADNFCR

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