Industry News - Residential Property Law - Homeowners face legal issues as repossession rise tipped

12/03/2010
Stonemason companies urged to adhere to personal injury employment law
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12/03/2010
Tribunal makes ruling on holiday leave pay
An employment tribunal has made a ruling which experts believe could open the floodgates for more claims from employees.

11/03/2010
Farmer's amended will overturned by judge's decision
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11/03/2010
Police female recruitment drive 'is discriminating against men'
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11/03/2010
Men 'are more likely to become insolvent than women'
New figures have revealed that men are more likely to require the use of an insolvency lawyer than women.

Industry News

18/06/2009
Homeowners face legal issues as repossession rise tipped

Repossessions could rise to as many as 120,000 by 2011, an expert has said.

Speaking at the Chartered Institute of Housing Conference and Exhibition, economist Ian Shepherdson said the number of homes being lost has fallen recently thanks to interest rate cuts, but rising unemployment will lead to an increase in the level over the next two years.

Predicting this rise will "peak" in 2011, he stated: "Quite where it is going to peak, I don't know, but I would imagine that we would be looking at quarterly averages of around the 25,000 to 30,000 mark."

Those who may face a court battle over their home might wish to seek help from a property lawyer.

The recent fall in repossession claims was revealed by the latest quarterly figures from the Ministry of Justice.

In the first three months of 2009 the seasonally adjusted total was 22,609, 13 per cent up on the last quarter of 2008.

Written by Pauline Adams
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09/03/2010
More people used a conveyancing lawyer last month, report finds
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09/03/2010
2010 'will be a good year for landlords'
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22/02/2010
Evictions fall as landlords sympathise with good tenants
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19/02/2010
January's mortgage lending figures 'affected by stamp duty holiday'
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17/02/2010
Conveyancing experts predict more mortgages in 2010
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