Industry News - Residential Property Law - Housing market 'over-inflated and unsustainable'

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

04/09/2008
Housing market 'over-inflated and unsustainable'

A national campaign for affordable housing has condemned new government schemes designed to help the market saying that the current situation is "over-inflated and unsustainable".

PricedOut has said that far from helping first-time buyers, the money saved in stamp duty will simply be "added to the cost of the average house".

Katy John, from the PricedOut campaign has said that the stamp duty holiday will only serve to "prop up the property market".

Ms John said the government's scheme is "designed to help the developers who have built blocks of flats that people are no longer able to pay over-inflated prices for, and the investors looking to make a good return on their buy-to-let properties".

Under the new scheme, those purchasing residential property worth £175,000 or less will not have to pay stamp duty. The system will only be in place until September 3rd, 2009.

There will also be a scheme called HomeBuy Direct that will allow first-time buyers who have an income of less than £60,000 to apply for an equity loan of up to 30 per cent of the value of their house.

The total housing stock in the UK worth less than £175,000 currently stands at 48.6 per cent, according to research from Mouseprice. ADNFCR-1805-ID-18764368-ADNFCR

29/06/2009
Swift legal help may be needed as undersupply reported
The number of people looking for a house is presently four times that of the total available, it has been stated.

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.

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.

15/06/2009
Lack of legal regulation 'a problem for housebuyers'
An inadequate legal and regulatory framework has created a housing market system in the UK that has disproportionately affected first-time buyers.

11/06/2009
Accidental landlords advised of law over cannabis
People who have become 'accidental landlords' and are renting out property due to necessity should ensure they are complying with all the laws involved in letting, it has been stated.

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