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Home-buyers who turn to the “bank of mum and dad” and increasingly the bank of grandparents to buy their home to prepare for the all eventualities, as generous family members tighten their belts. Many people have no choice but to turn to parents or other family members to help raise a deposit for a house
With the stamp duty holiday for first-time buyers buying properties under £250,000 due to end on March 24, there could be a rush to buy amongst first time buyers. With lending from the major banks still cautious, first time buyers will inevitably turn to other sources, such as family members, for help to beat the
The Government has joined forces with private enterprise to encourage budding entrepreneurs to set up new businesses. The ‘Business in You’ campaign highlights the support available for people wishing to start a new business or develop an existing one. A statement from the Department for Business Innovation & Skills says: “Small businesses are the lifeblood
Court orders to evict tenants rose by 11% in 2011 as landlords took a firmer stance against late payers. Figures released by the specialist receivers, Templeton LPA, also show that the number of tenants in “severe arrears” of more than two months rose by 18% last year to 78,970. That’s the highest level since the
Businesses can suffer irreparable damage when directors disagree over company policy. This is particularly true for new or small businesses. For example, if two directors have equal shares in a joint venture, settling disputes can become very difficult. At that point, just like many married couples, both sides may wish they had a business ‘pre-nup’
A sales manager has been found liable for breaches of contract and duty to his employer after setting up a rival business. The manager was working for an information technology consultancy when he decided to set up a new company of his own. While preparing his new venture, he downloaded some of his employer’s business
Prime Minister David Cameron has promised to “kill off the health and safety culture” which he says has become “an albatross around the neck of British businesses”. He says he wants to address “the fear from businesses of being sued for trivial or excessive claims”. The Government is now planning to change the law on
A court has ruled that a commercial tenant’s break clause notice was invalid because it had not paid the interest that had accrued as a result of late payments. The fact that the landlord had not sent a demand for payment made no difference. The case involved a tenant that had taken out a ten-year
Business leaders have criticised the Government’s much publicised moratorium on employment law saying that it has done virtually nothing to reduce the regulatory burden. The moratorium was introduced last April. The aim was to exempt start-up businesses and firms with fewer than 10 employees from new regulations for three years. The Institute of Directors say
Employees wanting to bring tribunal claims will have to pay fees ranging from £150 to £1,750 under new proposals announced by the Government. Ministers say the move will relieve pressure on businesses and reduce the £84m annual cost to the taxpayer. The Ministry of Justice has now begun a public consultation on the proposals, which