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High court rules on subrogation

14 October 2010 | Steven Mills Comments Off

Where moneys advanced by a lender are used to pay off an earlier security, can the lender be subrogated to the rights under that earlier security so that it obtains priority over later charges?  On...

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Changes to Pensions

14 October 2010 | Shimon Shaw

As we have reported previously the Government have been looking at restricting Pensions relief for some time now. The Treasury have just now issused the following press release, which we will consider...

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New guidance on the Mortgage Repossessions (Protection of Tenants etc) Act 2010

7 October 2010 | Michael Oberwarth

The Department for Communities and Local Government has published new Guidance to the Mortgage Repossessions (Protection of Tenants etc) Act 2010 (MRPTA). The growth in the letting of property and the...

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OFT takes action to address debt management industry

28 September 2010 | Karen Jacobs Comments Off

The OFT has identified a number of concerns in relation to the debt management industry.  The consumers may be vulnerable and the issues which confront them can be complex.  There are a number of government...

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HMRC investigates HSBC account holders suspected of tax evasion

28 September 2010 | Shimon Shaw

As was reported in the Sunday Telegraph, HMRC has written to more than 200 HSBC account holders who are believed to have failed to declare huge sums of interest from private deposit accounts held with...

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The Bribery Act 2010 – Corporate Hospitality and Adequate Procedures

17 September 2010 | Tim Constable | 2 comments

The Bribery Act 2010 continues to make headlines.  The Bill is now an Act, some sections are already in force with the balance due to come into force shortly. See my article on the Act published...

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CPR amendments – Unauthorised tenants. Part 55 Possession Claims and CCR O.26 Warrants of Execution, Delivery and Possession

8 September 2010 | Jackie Hanlon

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...

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The Independent Commission on Banking

7 September 2010 | Clare Stothard

The Independent Commission on Banking has now launched a website http://bankingcommission.independent.gov.uk/bankingcommission/ The Independent Commission on Banking will consider the structure of...

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Case rules in favour of lender (again)

31 August 2010 | Steven Mills Comments Off

His Honour Judge Waksman has delivered another judgment in favour of lenders.  The claims all related to the interest rates stipulated on a regulated agreement relating to credit cards.  The central...

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BIS publishes quick start guide and guidance on the regulations implementing the Consumer Credit Directive

24 August 2010 | Steven Mills Comments Off

BIS, the Department for Business Innovation & Skills has published a quick start guide and more detailed guidance on the regulations implementing the Consumer Credit Directive. Please see the link...

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