Saga Home Insurance: Over 50s are least likely to lie

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Saga Home Insurance: Over 50s are least likely to lie

People aged over 50 are the least likely to lie when selling their home, Saga Home Insurance has claimed.

In a new study, the insurer found that almost three-quarters (74 per cent) of over-50s would not tell lies about their home when putting it on the market, compared to 60 per cent of those aged 49 or younger.

The least honest age group are those aged 18 to 24, with the majority (55 per cent) of young sellers admitting that they would be economical with the truth in order to convince a buyer.

Another finding of the survey was that more than half (55 per cent) of people aged over 50s are against the introduction of home information packs and are in favour of the present system of selling homes.

Last week, Saga Personal Finance claimed that equity release should not be viewed as a drain on inheritance, but rather an advance on it.

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