Free Financial Advice In UK.

Yvette Cooper the Housing Minister says that "Getting some free, independent and trusted guidance can make all the difference and can help families manage their budget and get a better return on their savings. It could also help prevent people getting ripped off by loan sharks or caught out by the small print on a dodgy financial deal." Here in the USA we have very many problems with the current market and mortgages. I think that this is a great idea to have this type of information readily available and free no less for everyone .Always check out more then one mortgage company and see what each one offers such as
UK Mortgages . I have a feeling that we are going to learn from this new venture that UK has come up with.many young people have no clues when it comes to getting a mortgage let alone on how much they can even afford for a mortgage each month.I truly believe that by teaching our kids in high school about things of this nature would be so helpful for them when they actually get into the real world . Teaching them about managing debt should be the first thing along with how to set up a monthly budget. Here we are seeing more and more young college students purchasing homes while in college. With real estate being such a good return on one's money it's no wonder. The Uk already offers free advice for couples in a large amount of debt and this would be an even greater help to just the average family.My belief is that of we along with the schools can teach the younger generation about budgets and mortgages that we would see a lot less bankruptcy.I will be anxious to see how this free financial advice will help the UK with their market, retirement and also mortgages.Citizens Advice and the Association of British Insurers have both responded positively to the Thoresen Review which a part of the new proposal.