Property professionals have backed a Government review that recommends teaching school children about mortgages.
The Government’s Curriculum and Assessment Review highlights the importance of incorporating digital and financial education into schools.
It comes after the Royal Institution of Chartered Surveyors’ Surveying skills report 2025 reflected an industry that is rapidly evolving amid ongoing skills shortages and pressures on capacity. Business skills, sustainability, data analytics, and big data management were identified among the most important priorities.
RICS said: “It is right to incorporate vocational elements, but further expansion of Technical Qualifications that provide a tangible route into the world of work is needed.
“RICS supports the V-Level pathway and looks forward to helping to shape the curriculum for a V-Level in the built environment that builds on the success of the T-Level in Design, Surveying and Planning. Surveying skills report 2025: an exploration of skills shortages in the surveying profession. The RICS Surveying skills report is the first of its kind, providing an in-depth exploration of skills shortages in surveying.”
Mark Harris, chief executive of mortgage broker SPF Private Clients, added: “Financial literacy is a life skill that can make all the difference between keeping on top of your finances or finding yourself drowning in debt.
“Teaching children these valuable lessons in the classroom will ensure that nobody slips through the net. However, they need to be taught properly in order to have a real impact so we would suggest going a step further – rather than teachers adding mortgages to their workload, we would encourage the government to invite mortgage brokers into the classroom.
“Being at the coalface with real-life experience, brokers can better explain how the mortgage market works, how to borrow sensibly and seek independent advice, the importance of having a strong credit file and not overstretching yourself. This will ensure the next generation are much more clued up than their parents.”
Source: Estate Agent Today
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