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The Bank of Mum & Dad Now in the Top 10 of Lenders

Posted by on May 10th 2017 in Blog Posts, Property

The Bank of Mum & Dad Now in the Top 10 of Lenders

With the average first-time buyer requiring a deposit of £26,000 and the average annual salary being £27,600, it is no surprise that first-time buyers are getting older (the average age has increased from 30 to 33) and the number of people buying a property on their own is decreasing (from 29% in 1994/95 to 14% in 2014/15). More people are also now buying in couples – this has increased from 63% to 80% in the same time period. Parents are predicted to lend £6.5bn to their children this year, making them one of the top ten biggest mortgage lenders in...

'Stepping into the Unknown'

Posted by on May 5th 2017 in Blog Posts

'Stepping into the Unknown'

The first day of your Training Contract can be one of the most frightening days of your life. Questions and worries whizz around your head; what will I do on my first day? How should I introduce myself? Will I be expected to know everything after a week?

The simple response to all of these questions is – don’t worry!

We all possess that eagerness to impress and illustrate what we can achieve and succeed in, yet don’t allow your nerves to get the better of you. It may well be your first ever ‘legal’ job and thus a big leap into...

KNOW YOUR POLICY!

Posted by on May 2nd 2017 in Blog Posts

KNOW YOUR POLICY!

In Leeds Beckett University  v Travelers Insurance Company Ltd  [2017] EWHC 558 (TCC) Coulson J found that Travelers  were not liable to the claimant University under its insurance policy (“the policy”) because the damage caused was not considered to be accidental damage for the purpose of the policy. The judge determined that ‘accidental’ means an event that occurs by chance and is non-deliberate therefore the Insurance Company, in this case, cannot be liable for damage that was inevitable.

In this case the University built an accommodation block on the site of a former brewery – as well as redevelopment...

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