Removal of enforcement loophole will help lenders
The continued legal uncertainty on the enforcement of mortgages is preventing a just resolution of the arrears problem, writes John Mee.
The government has recently agreed with the EU-IMF troika that it will enact legislation to deal with a problem with the enforcement of mortgages.
The legal "loophole" is the result of a blunder on the part of the legislature when introducing a complex and much-needed piece of law reform.
Before the enactment of the Land and Conveyancing Law Reform Act 2009, our land law was remarkably outdated. English land law had been radically overhauled in...
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