Rishi Sunak is grilled at a post-Budget press conference (Image: GETTY)
“If they cannot pay and dump the house back on the bank, they don’t have the loan follow them as it would in many countries.”
However, not everybody was a winner, Mr Lyddon warned.
The Mortgage Guarantee of 95 percent of Loan-to-Value (LTV) meant the State would guarantee to private lenders the repayment of the entire loan and interest.
Budget 2021 in summary (Image: Express)
He explained: “If the price goes to 130 percent of the initial LTV, the buyer gets the entire 30 percent.
“If the LTV goes to 70 percent, the buyer can walk away losing their five percent
Furlough explained (Image: Express)
In a case led by two former Uber drivers, a London employment tribunal ruled in 2016 that they were due entitlements that also included paid holidays and rest breaks.
Announcing his verdict, Judge George Leggatt said: “The Supreme Court unanimously dismisses Uber’s appeal
“The legislation is intended to give certain protections to vulnerable individuals who have little or no say over their pay and working conditions.”
A total of 25 drivers were part of the case and Uber said the verdict did not apply to all of its current 60,000 drivers in Britain, including 45,000 in London, one of its most important global markets.
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