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The BBC has recently reported that the “bank of Mum and Dad” lends approximately £5bn per year to help their children get onto the property ladder in the UK. This claim is based on data collated by the Legal and General who estimate that 25% of all UK mortgage transactions are financed by a buyers
A court has ordered a husband who lied about his finances to pay in full the divorce settlement awarded to his former wife. The court heard that, during the initial divorce proceedings, the husband was ordered to pay the wife £80,000 by 5 February 2014. However, he then claimed that the wife had agreed to
The government has announced funding for a series of housing zones that will provide thousands of new homes across the country. More than £6m is being made available to enable local councils to establish partnerships with private developers and speed up the development of brownfield sites. It’s hoped the project will help to deliver up
A wife who claimed her husband tore up a will that left her nothing has lost her legal battle to inherit his estate. The case involved an elderly Ukrainian man who made the will in 2010, a couple of years before he died and one year after his second marriage. The will left his estate
A woman has been awarded £832,000 in a sexual harassment and sex discrimination case involving an NHS trust. Helen Marks was the Director of Workforce and Organisational Development at Derbyshire NHS Trust and earned just under £100,000 a year. The Employment Tribunal heard evidence that while she was working there she was approached by the
The government has pledged to reduce red tape and save British businesses £10 billion by 2020. It says this follows the £10 billion savings already implemented between 2010 and 2015. The latest planned cuts were announced by Business Secretary Sajid Javid. He said: “Hundreds of businesses responded to our Cutting Red Tape reviews and we
An estate agency has been granted a court injunction to help it protect its business against competition from a former director. The case involved a director who had worked for the agency since 2000. In 2013, he was granted shares on condition that he entered into a non-solicitation and non-dealing covenant. The key part of
1. Fail to prepare – prepare to fail! It may be necessary to undertake a pre-sale business review well in advance of your proposed sale date with the help of an experienced corporate finance adviser and implement necessary changes. You must be prepared to invest time and money at the outset which will help
The Employment Appeal Tribunal (EAT) has held that a company’s childcare voucher scheme did not discriminate against a woman on maternity leave. The case involved a company that operated a scheme that enabled employees to forego part of their salary in exchange for childcare vouchers. Entry to the scheme was conditional on employees accepting that
A director has failed to get Entrepreneurs’ Relief on the sale of his shares because of the timing of his resignation and the date of his company’s shareholder meeting. The director was one of the founding shareholders of his company. In 2008, he decided to leave the business and in February 2009, it was agreed