Released on = August 23, 2006, 5:39 am

Press Release Author = Alexa Wilsoon

Industry = Financial

Press Release Summary = According to the Post Office head of marketing, Clair,
Oldstein: \"First-time buyers tend to overstretch themselves, but need to consider
what they would do if they lost their income." He went on to say that, "It\'s
unlikely they will have a big enough rainy day fund to rely on - especially after
pulling together a deposit."

Press Release Body = First time buyers in UK have been stimulated to protect
themselves from any sort of financial disaster. This is quite an alarming stage, as
many of the first-time buyers do not have any sort of financial protection, if they
suffer any loss of income due to some precarious situations.

London (adverse-credit-first-time-buyer) August 22, 2006: As per a new research,
first time buyers have been motivated to protect themselves from any sort of
financial slump. As per the research done by the Post Office, around 48 per cent of
the first-time buyers could easily manage their mortgage repayments for six months
even if they would have suffered a loss in their regular income, but now the
scenario has changed.

Moreover, the research reveals that 45 per cent of first-time buyers do not have any
sort of financial shield, if they suffer any loss from sickness, accident, or
unemployment.
Therefore, the Post Office has intervened and advised UK consumers to do some
changes in their lifestyles or to spend the money wisely or go for "Lifestyle
protection."

According to the Post Office head of marketing, Clair, Oldstein: \"First-time buyers
tend to overstretch themselves, but need to consider what they would do if they lost
their income." He went on to say that, "It\'s unlikely they will have a big enough
rainy day fund to rely on - especially after pulling together a deposit."

He further added, "Lifestyle protection is a cheap and flexible form of payment
protection not just for mortgage but for credit cards and loans too."

For additional information on the news, that is the subject of this release (or for
a sample, copy, or demo), contact Webmaster, or visit
http://www.adverse-credit-first-time-buyer.co.uk

Web Site = http://www.adverse-credit-first-time-buyer.co.uk

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