Home ownership

The following issue updates are available for Home ownership.

Bankruptcy - personal

1 December 2009 | The new rules on personal insolvency were brought in under the Enterprise Act 2002 and came into effect on 1 April 2004. The rules are intended to stimulate enterprise by removing some of the barriers to entrepreneurial risk taking, including reducing the stigma of bankruptcy.

CML Cymru: developments in retail policy and lending

10 June 2009 | This page provides an update on developments in retail policy and lending issues in Wales and the work of the CML Cmyru.

Low-cost home-ownership

1 April 2010 | Updated to highlight new guidance on shared owners at risk of possession. Also updated to include details of the new shared ownership leases to be implemented by 6 April 2010. The new leases give lenders additional protection.

Mortgage payment protection insurance (MPPI)

14 October 2009 | This pages sets out the detail of the agreement the industry has reached with the FSA for dealing with recent and possible future changes to policy terms and conditions affecting some MPPI customers.

Payment protection insurance (PPI)

19 May 2010 | On 14 May, the Competition Commission made a provisional decision to impose a point-of-sale prohibition on all forms of PPI, excluding retail PPI. The Competition Commission's final decision will follow in July.

Policy and market developments in Northern Ireland

21 June 2010 | This page provides updates on significant developments in Northern Ireland, including the launch of the Commission for the Future of Housing in Northern Ireland.