PRACTICE NOTES
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What is the proposed goods mortgage?
On 14 May 2018, HM Treasury (HMT) released its conclusions after reviewing responses to its 22 September 2017 consultation on reforming the Bills of Sale Acts. In light of the concerns identified, the small and shrinking market, and wider work on high‑cost credit, the government confirmed it does not intend to bring forward legislation at this time. For further details, see News: Goods Mortgages Bill: HM Treasury’s response to consultation—LNB News 14/05/2018 28. Accordingly, this Practice Note is retained for background information only. On 23 November 2017, the Law Commission published its report on the Goods Mortgages Bill, containing the final version of the Bill together with its recommendations. Jacqueline Cook, a member of the Lexis®PSL Banking & Finance consulting editorial board and senior professional support lawyer in the finance practice at Stephenson Harwood LLP, London, sets out an
Banking & Finance