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?

J ALAN CAMPBELL