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Need for education is not confined to first-time buyers

I was interested to read last week on Mortgage Strategy Online about national debt charity the Consumer Credit Counselling Service’s idea for first-time buyers to sit an exam to own a home.

The chairman of CCCS, Malcolm Hurlston, has come up with a suggestion that is out of touch with reality.

In my experience the problem has been across the board, with home owners remortgaging to clear easily obtained credit cards and unsecured loans.

By Hurlston’s reasoning, anybody requiring a mortgage should also sit an exam or at least a refresher course. I am having home improvements carried out – should I have taken an exam to understand the implications?

Let’s face it, there are more problems caused by cowboy builders than advisers but there’s no regulation for them or their clients. Can we please return to the real world as soon as possible?



Credit lent plunges from levels seen in 2008

Total credit lent by Finance and Leasing Association members in February was £3.7bn – just 5% lower than in the same month last year but almost 30% lower than levels in February 2008.


Media Spotlight: Third Leaders’ Debate – BBC 1

In the run-up to the final television debate between the three main party leaders last Thursday Prime Minister Gordon Brown could hardly have had a worse preparation. The day before the debate his uncomfortable encounter on the street with disillusioned Labour voter, 65 year old grandmother Gillian Duffy in Rochdale, quickly descended from bad to […]

Tributes pour in for Thomas – ‘one of the good guys’

It was with huge sadness that I read last week about the recent death of Paul Thomas, chief risk officer at Kensington. I worked with Paul for a few months before the market crashed in 2007 and was amazed at his encyclopaedic knowledge of the mortgage business, securitisation and the capital markets. More importantly, Paul […]


MS TV: Abbey rules out ditching brokers

Adrian Whittaker, key accounts director at Abbey for Intermediaries, has put paid to rumours that the lender will phase out its distribution through brokers in favour of going direct-only.

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Global benefits predictions for 2015 from Jelf International

According to Doug Rice, managing director of international services, in 2015, managing their international duty of care will become an increasing focus for UK-based overseas organisations in both managing their short- and longer-term challenges. As a result, strong independent advice and innovative technological solutions will become more important than ever in managing their global benefits.


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