A new law is being enacted to protect unauthorised tenants from eviction as a result of arrears on their Landlord’s mortgage entitled Mortgage Repossession (Protection of Tenants etc.) Act 2010.
With the recession forcing many businesses to cut workers hours in a bid to control costs, thousands of people across Britain are taking on second jobs to avoid debt and mortgage arrears. Rather than putting people out of work and potentially losing their skills during the downturn, companies have put 2.8 million people onto shorter hours in recent months. But while having problems with debt or trouble with your mortgage may make a second job an appealing option, many experts have warned that it could make matters worse for you in the long run. Peter Done of employment law firm Peninsula told the Daily Mirror that the strain of working two jobs can damage your health, your family life and even lead to mental disorders such as depression. Part-time workers could also end up losing both their jobs if they are not careful about checking their contractual conditions. Many contracts include provisions forbidding staff from working for competitors. EuroDebt director Vance Parsons says that loss of income remains the number one reason for people starting a Debt Management Plan (DMP). He claims: “this is often as a result of shorter working hours or removal of overtime.”
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