Debate Magazine

"Mortgage Lenders 'grooming' Next Generation of Debtors"

Posted on the 06 November 2013 by Markwadsworth @Mark_Wadsworth
From The Metro: Bankers are 'grooming' the next generation of borrowers by advertising on children's TV, a finance expert warned yesterday.  More than one in seven parents said they had been nagged by their under-tems to take out second mortgages, MoneySaving founder Martin Lewis said.  The warning came as representatives from Lloyds, Barclays and RBS were quizzed by MPs in the Commons. Labour leader Ed Miliband also attacked the 'tollbooth economy', calling the industry 'one of the worst symbols of the land monopoly black hole'.

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