Other worrying delusions include two-thirds of women wrongly thinking that simply because they have lived with a partner for five years that they have automatic right to financial support.

And nearly half of those surveyed for report reckon that after five years living together a surviving partner would automatically get deceased partners possessions if there were no will.

The campaign is encouraging cohabitees to draw up Loving Together Agreements, which set out exactly what will happen should they split up, covering such things as ownership of property. It is also stressing importance of making wills.

It is believed that one-in-six of different sex couples living together aren’t married and that by 2021 total number of such couples will rise to three million.

A home equity loan can either be in form of a fixed-rate loan or an adjustable-rate line of credit. With a fixed-rate home equity loan you receive all of your money in one lump sum and amount of your monthly payment is same for duration of loan term. With an adjustable-rate home equity line of credit you are approved for a credit line amount in which you can draw from as needed. In most cases you will only pay interest on outstanding amount and your interest rate is subject to change. As such your monthly payments may vary depending on outstanding loan amount and interest rate in any given month.

There are many home equity loan lenders online who will lend to people with good or bad credit. You may want to compare rates and programs of several lenders before making your decision to increase your chance of getting best possible deal. Also, consult with your tax advisor to see how much of your home equity loan interest will be tax deductible.