| Industry News |
|
| News » Residential Property Law » Boost in legal aid to fight repossession welcomed |
|
24/06/2009
Boost in legal aid to fight repossession welcomed |
|
An increase in the funding available to householders struggling to avoid repossession to contest court cases has been welcomed by the Money Advice Trust.
Responding to the announcement by housing minister John Healey of a doubling of funding for free legal advice to homeowners in such a position, spokesperson at the Trust Beccy Boden Wilks said this will "definitely" have a positive effect.
She predicted this will start to impact on figures for repossessions in the third quarter, commenting: "Hopefully that [extra funding] will have an impact as well in reducing the number of people that are looking at repossession."
Those facing the threat of losing their home may wish to speak to a property lawyer about what they can do to avoid such a fate.
Announcing the funding this week, Mr Healey described it as "real backstop help" for those in danger of being repossessed.
He noted that even in court, "all's not lost", as four out of five cases see the repossession process stalled.
Written by Anthony Dyson
 |
| |
| Related Articles |
13/01/2010
Residential property prices show new rise
The price of residential property in the UK has continued to increase, according to new figures from the Department for Communities and Local Government (DCLG).
|
06/01/2010
Prime property supply 'set to rise'
The supply of prime properties is set to increase after the general election this year, it has been predicted.
|
04/01/2010
Opportunities to invest in new build properties 'to rise'
Those looking to invest in new build property will get more opportunities to do so in 2010, it has been suggested.
|
31/12/2009
London property investment demonstrates resilience
The residential property sector in London has demonstrated greater resilience compared with other regions over the course of the past 12 months, Land Registry figures have revealed.
|
30/12/2009
Mortgage market competition 'to increase'
Those investing in property will be able to enjoy an easing of finance in the property market in 2010, it has been predicted.
|
News Archive