Industry News - Employment Law - High loan-to-value mortgages 'disappearing'

03/07/2009
Redundancy law queries 'could continue to rise'
The number of people seeking redundancy law advice could remain high over the course of the year, new data from the Chartered Institute of Personnel and Development (CIPD) has indicated.

03/07/2009
Discrimination law ruling made by House of Lords
The House of Lords has made a ruling on disability discrimination that may impact divorce lawyers in London.

03/07/2009
Heiress wins in pre-nuptial divorce case
The Court of Appeal has ruled that a German heiress should not have to pay her ex-husband the £5.8 million decided in their divorce settlement because of the pre-nuptial agreement that had been signed beforehand.

02/07/2009
'Dual discrimination' employment law changes proposed
A new employment law has been proposed by the government that it wishes to make part of the equality bill.

02/07/2009
Right to appeal for ex-wife in divorce case
A woman has won the right to appeal against a judge's decision to make her pay £5 million to her ex-husband, whose finances have been hit by the economic downturn.

Industry News

13/01/2009
High loan-to-value mortgages 'disappearing'

A spokesperson for the Council of Mortgage Lenders (CML) states that one of the consequences of lenders tightening their criteria is the removal of high loan-to-value deals.

Sue Anderson, head of member and external relations at CML, says that lenders have "narrowed down" the lending options available to buyers and made it necessary for first timers to save up a sizeable deposit.

Ms Anderson believes that this is "no bad thing" as it helps protect lenders and homeowners against "further house price falls".

However, she adds that it does means many buyers have to "wait a bit longer before they can access mortgage finance if they haven't already got substantial savings accumulated".

Earlier this month, Nationwide revealed that house prices fell by 2.5 per cent in December 2008 - compared to just 0.4 per cent in November - bringing the value of the average home down to £153,048. ADNFCR-1805-ID-18970167-ADNFCR

03/07/2009
Discrimination law ruling made by House of Lords
The House of Lords has made a ruling on disability discrimination that may impact divorce lawyers in London.

02/07/2009
'Dual discrimination' employment law changes proposed
A new employment law has been proposed by the government that it wishes to make part of the equality bill.

29/06/2009
Female lorry driver wins sex discrimination case
A female lorry driver has won a sex discrimination case after being harassed by male employees in her working environment.

26/06/2009
Equal pay law win for men
Thousands of men could be able to make equal pay claims after a test case brought against three English local authorities by 300 low-paid workers.

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