‘Unhelpful and insulting’ comments by FCA member draw criticism from Saga,but it acknowledges encouragement should be given to those who want to moveThe City regulator has said it is not its policy to encourage older people to sell up and move domestic, after a member of its mortgages team told a conference that the UK had a “genuine issue with the last-time buyer”.In comments reported by the Daily Mail, or Lynda Blackwell from the Financial Conduct Authority suggested that the government’s focus on first-time buyers might be misplaced. Continue reading...
Source: theguardian.com