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Realistbear

Spousal Rights When The C C J Takes Away The Home

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http://portal.telegraph.co.uk/money/main.j...1/ixperson.html

Ignorance is not an excuse

(Filed: 11/03/2006)

Some wives have lost the roof over their head after signing a mortgage at their husband's suggestion and telling the courts that they asked no questions. Many wives used to promise to 'love, honour and obey' - but Culture Secretary Tessa Jowell should have taken independent advice, says Alison Bailey
A warning may be in order for wives about to sign a mortgage on their home in order to help out their husbands' business.
Britain may not be in recession -
but there are still signs of difficult conditions for some industries
. So what happens when the family business needs to borrow more money and the bank asks for a mortgage on the family home? This is not about joint borrowing by husband and wife - such as a mortgage to buy the family home in the first place - but a mortgage over the home to secure the borrowings of the husband or his business

.

When the recession gets deeper the strains on family life are just going to get worse. The MEW culture will put intolerable strains on many families who own a business that are vulnerable. Overall, the "miracle economy" has created a new and vicious social evil: the mortgaging of the family.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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