First-time homeowners wait 14 years to buy again

It seems that you are making the assumption that it is a ‘good thing’ to move. Why? Buy a decent house in a decent area with potential and then just extend from time to time. Far cheaper.

No solicitors, probably no survey, and certainly no Stamp Duty, no removal costs and no estate agents.

I know plenty of people who waited 20 to 30 years before moving. Then most were able to do it mortgage-free. But of course they are the sensible ones.

It is only in this country that moving is considered a ‘good idea’. In France Spain and Italy people stay for life. Indeed in many cases property is handed down generation to generation.

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But of course that wouldn’t suit the legions of mortgage brokers in the UK. Nor, come to that, the UK economy that relies on people spending money they don’t have.

Godwyn

Brokers question £3m Benedict Cumberbatch FSCS ads

I think Mr Larkin might have found Richard Briers wouldn’t have been available no matter what sum was offered – he died in February!

Harry Palmer

A checklist of the FCA’s fraud requirements

If you contact an employer for income proof, as you say, would the employer not be in breach of data protection rules? The lender can do this, as the application declaration allows this. But would a broker need another signed document to obtain this?

ews