Teach money management and mortgages at school, urges industry firm

In response to last week's Housing White Paper, mortgage management firm Computershare Loan Services has urged the government to make sure school children are taught how to manage money and make informed financial decisions.

It says that money and mortgage education must 'start at a young age' and could be one solution that helps to 'fix' the 'broken' housing market outlined in the White Paper.

“A simple shortage of decent places to live is one of the root causes of homelessness and many other housing problems, and policies that aide their construction are very welcome," said Andrew Jones, Computershare Loan Services chief executive.

“But as well as creating more extensive building programmes and practices, to tackle housing in the UK we must also have a diverse and responsible mortgage sector that provides routes into homeownership for those who seek it."

He says the lending industry must work with the government and charities to provide 'genuine borrowing options' and support for anyone facing financial difficulty.