Tuesday, April 10, 2012

Turkey declares ceasefire dead as Syrian troops fire into refugee camp

London is the global capital for ?divorce tourism? with marriage break-ups involving foreign nationals accounting for a sixth of cases before the courts. The legal system is also witnessing a surge in disputes between the international super-rich over business deals, contracts, children and money, leading to worries about the widening gulf in access to justice with British taxpayers who more and more find themselves unable to afford to go to law. Inquiries by The Times have found: ? a significant increase in international divorce, now estimated to involve 24,000 of the 150,000 divorces in England and Wales each year; ? a dramatic rise in the number of commercial disputes, in which one or both parties were foreign. The percentage rose from 65 per cent in 2008 to 81 per cent in 2011; ? a huge rise in cases involving ?tug of love? disputes between parents t

Hundreds of thousands of households owing billions of pounds on interest-only mortgages are struggling to afford their debts, alarming new figures show. Estimates from the chief City watchdog suggest that more than 300,000 borrowers with these types of loans, which are supposed to be more affordable, have missed or were late with at least one payment. Collectively they owe between ?14.8 billion and ?23.7 billion to the banks, according to the Financial Services Authority (FSA). Interest-only mortgages have lower monthly payments because homeowners do not have to repay the outstanding loan until the end of the term. Many banks now offer this type of loan to existing customers who are in financial difficulty, which has the welcome effect of keeping a lid on repossessions. However, MPs and economists fear the consequences if borrowing costs rise sharply or t

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