Saturday, January 10, 2015
It scares me how little has been learnt in the years since the financial crash
At the age of 20 he was granted a 100%, Ã‚Â£183,000 mortgage, to be repaid on an interest-only basis, by Bath Building Society to buy a three-bed home in Chelmsford, Essex, where he has been studying architecture and technology at Anglia Ruskin University. He turned the lounge into a bedroom for his own use, and rented the three bedrooms to other students at his college. Pearson does not pretend to be a financial whizz-kid. Ã¢Â€ÂœTo be honest, my mother had been dealing with a financial adviser, who told her about this scheme when he knew I was going through university."