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Does a “Full & Final”​ settlement by a bank with one borrower preclude it from suing other joint borrowers?
  • Posted by: Jim Stafford
  • Category: Business, Uncategorized

There was a time when some solicitors advising banks on negotiating settlements were very nervous about the implications of the Civil Liability Act 1961. However, as a recent High Court case has indicated, provided the Settlement Agreement is properly crafted, there should be no such concerns. In Bank of Ireland – v- Doyle a borrower…

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Tracker Mortgage Redress and Income Tax for Buy to Let Landlords
  • Posted by: Tom Murray
  • Category: Uncategorized

Its that time of the year when Accountants are focusing on the task of preparing and submitting Income Tax returns for clients. A new issue that needs to be considered for tax adviser’s this year is what are the implications for landlords with buy-to-let mortgages who have received mortgage redress payments from banks? Yesterday the…

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5 ways to deal with bank/vulture fund debt
  • Posted by: Jim Stafford
  • Category: Uncategorized

I set out below the different ways that people are dealing with their debt issues. Ignoring it For certain people, this can be an effective way of dealing with debt, provided the debt is not on a family home. One lesson I have learnt over the years is that it is easy to obtain judgment: The difficulty is…

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