Land and Conveyancing Law Reform (Amendment) Bill 2019

Public bill · Government · Presented

Sets out extra factors a court must consider before allowing a lender to take a person’s home, especially where it is the borrower’s main residence. It gives more weight to whether the borrower and lender have made real efforts to work out a solution, whether keeping the person in the home is still possible, and, if not, whether there is suitable alternative accommodation; it also lets the court consider the size of the debt, the arrears, and the home’s market value. Its purpose is to reinforce the idea that repossession of a family home should be a last resort, and to support efforts to find alternatives such as debt arrangements or agreed schemes that let people stay in their homes.

Formal long title

Bill entitled an Act to amend the Land and Conveyancing Law Reform Act 2013 to provide for the procedure to be followed in certain legal proceedings to which section 2 of that Act applies; and to provide for related matters.

Last updated 16 July 2019