Wednesday 21 June 2017

UK: Good Mortgages Bill in Queen's Speech

Last year the Law Commission published proposals for the reform of the law governing bills of sale, including the repeal of the Bills of Sale Act 1878 and the Bills of Sale Act (1878) Amendment Act 1882 and the introduction of new legislation - a Good Mortgages Act - providing more protection for borrowers and fewer burdens on lenders: see here. This proposed new law was amongst the legislative proposals contained in today's Queen's Speech, in which the Government's plans for the next couple of years were set out. A copy of the Speech will be available here shortly.

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