Our houses are no doubt the most valuable property we own. But do we own it in fact? Most of us can hardly pay their mortgages. It does not matter if your mortgage is fixed, adjustable, convertible or special – it is a hard task to cover its costs.

Many people have to apply for remortgages for a simple reason – their original mortgage loan is too heavy and they simply fail to pay the fee.

Some people fear uncertainty and make use of mortgage payment protection - sort of insurance designed to meet your monthly mortgage payments in case you lose your job or is unable to work. It is not a solution to your problem, but a kind of extra caution you can take to avoid some force majeur circumstances.

So, what can we do one day not to discover that we are unable to pay our mortgage fee due and on the verge of losing or homes? I think nobody can reply with certainty. We should work hard and look for the money saving tips to reduce the risks of the disaster.

A lot of people tend to accuse banks of this crisis, but it is the entire system problem and it is not easy to resolve this within a short period of time and without crisis in other spheres of our lives.