The following article is grim reading for young people and their families http://www.bbc.co.uk/news/uk-england-18410689 The article on the report did not mention all of the new EU rules which will make it harder for institutions to loan mortgages on private homes. Unless the Government expands the supply of housing in London and the South East, I predict a larger divide in wealth between those who can afford to own their own home and those who cannot. As an Independent Financial Advisor who can also act as a mortgage broker in London I have come across people who are disappointed with the amounts they can borrow and cannot buy the property they want as they could not borrow the amounts they used to be able to borrow.rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
