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A wife who signed a joint re-mortgage with her husband while he was having an affair will no longer have to meet her repayments, the Court of Appeal ruled yesterday. Mrs Jayne Hewett faced losing her home because she could not afford to meet the re-mortgage payments after she divorced and the mortgage company won a [...] Chip and pin technology must be overhauled after it emerged that one in seven people could have already been a victim of a “fatal flaw” in the system. Experts at Cambridge University believe the system is “broken” after they tricked it into accepting transactions without using a valid personal identification number.They say the flaw is [...] At least 10,000 Britons are being declared insolvent every month- the highest level on record new official figures reveal. Despite the recession being declared over, many households are still unable to live within their means. And experts warned insolvency numbers will rise further once interest rates begin to head above their current low level of just 0.5 [...] The labour Government’s free debt advice service is being forced to turn people away after being unable to cope with a 28pc jump in demand. MPs described the labour Government’s approach to advising people in debt as a “triumph of bureaucracy over practicality” and urged it to “shake up” its strategy to meet the increasing demand [...] The number of people who were declared insolvent in England and Wales hit a record high in the last quarter of 2009 and during the year in full. The figures from the Insolvency Service marked the depth of the recession, with 35,574 people declared insolvent in the last three months of the year. That was a rise [...] Homeowners who swap the ownership of their home for a tenancy under a sale and rent back agreement should be guaranteed tenancies for a minimum of at least five years. The rate of UK house price increases could soon rise above 10% a year the Nationwide building society has announced. Its latest survey shows that the average UK house price rose by 1.2% in January, pushing the annual rate up to 8.6%. It means the average UK home now costs £163,481. The Nationwide said prices had now been [...] A labour Government scheme to help homeowners avoid repossession has cost the equivalent of £165,000 for each of the households it has rescued. The Homeowner Mortgage Support Scheme was announced in a big fanfare a year ago to help struggling borrowers stay in their homes, but has ended up helping just 15 families so far. The labour [...] Despite the stuttering recovery in property prices, the fear of repossession still stalks many home owners. Figures published last week showed that house prices have risen slowly again and mortgages granted to first-time buyers rose for the third month in a row. But the recovery has not been sufficient to lift many families out of negative equity, [...] Figures today show the UK is heading for its highest level of home repossessions for 16 years. A total of 24,200 people lost their homes after falling behind with their mortgage during the first half of 2009, the highest figure since 1996, according to the Council of Mortgage Lenders. Repossession numbers showed a surprise dip [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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