With parents and grandparents looking to help their grown up children in whatever way they can, it has become increasingly common for first time buyers to turn to the ‘Bank of Mum and Dad’ (or Grandma and Granada) for help in raising the required mortgage deposit. Indeed according to the Council of Mortgage Lenders around 80% of first-time buyers aged under 30 are receiving some form of financial help from their parents.
Aiming to reduce the number of Court battles between divorcing couples, new proposals being introduced by the Law Commission are set to enshrine prenuptial agreements in law. The changes are set to revolutionise the divorce process in England & Wales, with couples being able safeguard their assets in the event of a relationship breakdown. The…
A recent report by the National Housing Federation stated that those born in the 1980’s face an uphill struggle to buy a home. Soaring house prices over the past decade and the strict lending requirement for a deposit of at least 10% (or 5% with the government’s ‘Help to Buy’ scheme) mean that according to…
There were reports in the press last week that a British woman tried unsuccessfully to sue her former solicitors for negligence due to the fact that they failed to advise her that finalising her divorce would inevitably cause her marriage to end. The response from the general public on Twitter and other online channels seems…
The debate about whether or not it is right for a parent to smack their child has once again hit the headlines following Mary Berry’s recent comment that she used to smack her children with a wooden spatula. The argument will no doubt rage over the news/blogs and local radio stations but this issue has…
Earlier this month a judge said he could not nullify the marriage of a teenage mother, despite the fact she claimed she was forced, at gunpoint, to marry a 24 year old man when she was just 14 years old. Despite the fact that her marriage could not be recognised under English Law, the judge…
I had a meeting with a new client this week which brought the bitter reality of a couples’ separation and the impact it has on their children, sharply into focus.During that first meeting, the recently separated wife held her emotions in check, giving me succinct, detailed information about her marriage and the family finances right…
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