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Environment Agency seeks Boaters’ views sought in consultation on proposed charges READ MORE HERE: https://www.gov.uk/government/news/boaters-views-sought-in-consultation-on-proposed-charges
Today the Judiciary released their long awaited Consultation on McKenzie Friends. Most importantly, the consultation proposes a ban on fee-charging McKenzie friends in order to protect ‘vulnerable litigants’ from unregulated, uninsured and unqualified individuals. The article from the Law Gazette website outlines the Consultation in detail (and the online comments make interesting reading !!!). http://www.lawgazette.co.uk/practice/judiciary-proposes-ban-on-fee-charging-mckenzie-friends/5053851.article
Regulator reminds homeowners of their responsibilities in paying off capital, but wants fair treatment from lenders Homeowners with interest-only mortgages who do not have enough money to pay them off when they mature have been warned it is ultimately their responsibility to find a way to clear their loan. However, the Financial Conduct Authority (FCA) added that it expected mortgage lenders to treat these customers fairly and not "exploit" those in difficulty by, for example, demanding they pay a higher rate of interest than other customers. Repossession of a property should be "a last resort". With an interest-only mortgage the borrower agrees to pay off the interest each month but makes no capital repayments. Borrowers are typically expected to have an investment plan in place to pay off the debt at the end of the term – but not everyone does. Link: http://www.theguardian.com/money/2013/aug/29/fca-fair-treatment-interest-only-mortgage-borrowers