There are millions of people in the UK who have bad credit ratings and many of them will never have defaulted on a loan, had a county court judgement registered against them or been made bankrupt.
Building a house in the UK can, on the face of it, seem out of the reach to most of us. However, well over 10,000 people do it every year so it’s certainly possible!
Despite the much-lauded recovery from the Great Recession and all the talk of economic growth in the UK, significant numbers of British households have not really experienced much of a recovery. Recent research commissioned by the Joseph Rowntree Foundation suggested that nearly four out of 10 households with children, or 8.1 million people, live below an income level regarded by the public as the minimum needed to participate in society. The working-age poor seem to be particularly hard hit; households with members aged under 35 are now over four times more likely to be below MIS (minimum income standard) than pensioners.
Pre Lien Notices are important legal documents. They are sent to both a general contractor and a property owner. They have to conform by a number of different rules in order to be valid. Even the slightest mistake in any of the paperwork elements will render the lien invalid, which can cost the contractor in particular dearly.