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This appeal concerned nine test cases involving purchase and leaseback schemes whereby owners of properties (“the Vendors”) had sold their homes to purchasers (“the Purchasers”), who had promised...
OFT publishes revised Debt Collection Guidance
Last month, following a consultation between 10 March and 2 June 2011, the Office of Fair Trading (OFT) published a revised version of its Debt Collection Guidance. It was last revised in December 2006.
The...
Enforcing a suspended possession order following subsequent default
Where a borrower makes an arrangement with a lender following a possession order for arrears to be added to the loan, but then the borrower subsequently falls into arrears again, is the lender entitled...
CPR amendments – Unauthorised tenants. Part 55 Possession Claims and CCR O.26 Warrants of Execution, Delivery and Possession
Part 55 of the CPR which deals with possession proceedings is being amended from 1 October. The amendments are as follows:
Unauthorised tenants living in a mortgaged property are allowed to apply to...
FSA Responsible Lending Proposals
Tightening of regulation was inevitable given the financial turmoil that followed the global economic downturn which exposed the flaws in the UK mortgage market. Clear regulatory guidelines are welcomed...
The Mortgage Repossessions (Tenant Protection) Act 2010
The Mortgage Repossessions (Tenant Protection) Act 2010 (“the Act”) has now been passed. The aim of the Act is to provide protection to unauthorised tenants where a tenancy has been granted by a...