Bad news for landlords

Life gets tougher for buy-to-let landlordsThe Bank of England’s Prudential Regulation Authority (PRA) will announce new lending requirements for landlords in the coming weeks. Under the new rules, landlords will have to show that they can provide rental income of 145% of their mortgage payments – up from 125% – and at stress rates of…

JPHLAW SOLICITORS PORTADOWN LEGAL NEWS- Rise of prenups to protect ‘Bank of Mum and Dad’

An increasing number of young couples are signing prenuptial agreements, as parents of the bride and groom seek to safeguard their investments. JMW Solicitors said half of the prenups written by the firm are prompted by parents and in-laws whose financial help is often the only way couples in their twenties and thirties can afford…

State aid probe on Port

   EU conducts state aid probe into Portsmouth Council’s cargo firm The European Commission has announced an in-depth investigation into whether Portsmouth City Council’s grants to cargo company MMD Shipping amounted to illegal state aid. The move marks the first time a British firm has been on the receiving end of a Commission probe since…

JPHLAW Solicitors Portadown – Employment Law News – Pressure on May to protect workers’ rights Labour’s Chuka Umunna has warned that the government must draw up new laws to ensure workers do not lose their employment rights after Brexit. The former shadow business secretary has commissioned research by the House of Commons Library highlighting the EU…

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