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The European Commission has published proposal for a directive on credit agreements relating to residential property. Please see link. http://ec.europa.eu/internal_market/finservices-retail/docs/credit/mortgage/com_2011_142_en.pdf
The...
New guidance on the Mortgage Repossessions (Protection of Tenants etc) Act 2010
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...
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...
Surge in negligence claims against estate agents and surveyors
An investigation carried out by a London law firm has revealed a huge rise in the number of professional negligence claims brought over valuations of residential and commercial properties in 2009.
The...
Possession proceedings – statistics published
During the first quarter of 2010, 18,504 possession proceedings were issued, which was 24% lower than the first quarter of 2009.
14,373 mortgage possession claims led to orders being made, which was...
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...