Monday 11 December 2017

Repossession threat might get payments on track

The Housing Rights Service said it has seen a 35 per cent increase in the number of homeowners asking for help
The Housing Rights Service said it has seen a 35 per cent increase in the number of homeowners asking for help
Charlie Weston

Charlie Weston

THE mortgage mess is about to come to a head. From today, banks will get back the power to repossess homes and residential investments from people they believe are not co-operating with them.

Minister for Justice Alan Shatter has just signed a statutory instrument that puts the provisions of the Land and Conveyancing Law Reform Act 2013 into operation.

Banks had been unable to threaten repossessions following a ruling in the High Court in 2011.

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