Archive for the 'mortgages' Category

Home owners receive compensation after they were sold mortgages they couldn’t afford – Daily Telegraph

“Home owners who were sold mortgages during the property boom that they couldn’t afford are to be given compensation following a ruling by the City watchdog.”

Full story

Daily Telegraph, 22nd February 2011

Source: www.telegraph.co.uk

Housing and legal bodies warn of ‘dire consequences’ from new mortgage rules – The Guardian

“A coalition of the UK’s leading housing and legal organisations have written to Chancellor George Osborne warning of ‘dire consequences’ for homebuyers and the building industry if Financial Service Authority proposals for mortgage regulation are implemented.”

Full story

The Guardian, 16th November 2010

Source: www.guardian.co.uk

Mortgage Repossessions (Protection of Tenants etc) Act 2010

Mortgage Repossessions (Protection of Tenants etc) Act 2010 published

Full text of Act (PDF)

Source: www.opsi.gov.uk

Wife wins mortgage appeal after husband’s affair – The Independent

“A wife who signed a joint remortgage with her husband while he was having an affair will no longer have to meet her repayments, the Court of Appeal ruled today.”

Full story

The Independent, 24th March 2010

Source: www.independent.co.uk

Bradford & Bingley plc v Ashcroft – WLR Daily

Bradford & Bingley plc v Ashcroft [2010] EWCA Civ 223; [2010] WLR (D) 74

 “There was no need to re-analyse a part-payment of a mortgage debt or to put a gloss on it in terms of acknowledgment for the purposes of calculating whether or not the limitation period had expired because s 29(5) of the Limitation Act 1980 made provision for a freestanding mechanism for the computation of time.”

WLR Daily, 11th March 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

Angel Solicitors (a Firm) v Jenkins O’Dowd & Barth (a Firm) – Times Law Reports

Angel Solicitors (a Firm) v Jenkins O’Dowd & Barth (a Firm)

Chancery Division

“Where solicitors were in breach of their undertakings to redeem or discharge existing mortgages and charges over property being sold, the court was not required to conduct an inquiry as to the loss suffered by the addressee of the undertakings as the result of their breach.”

The Times, 10th March 2009

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

Banks gear up for legal battle as era of the free mortgage approaches – Daily Telegraph

“Banks are gearing up for a legal battle ahead of tomorrow’s interest rate decision, which could mean they owe borrowers money.”

Full story

Daily Telegraph, 3rd February 2009

Source: www.telegraph.co.uk


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