If you’re wondering which way the property market is moving, then be heartened by the Council of Mortgage Lenders (CML).It says that while the number of home loans dropped 1% year-on-year, the number of first-time buyer loans has increased by 9%, driven in part by parents re-mortgaging to help their offspring get on the property ladder, it has been claimed.The number of first time borrowers in the market hit 337,000 last year, the highest level in any twelve month period since the financial crash of 2008, the CML says.Re-mortgaging activity in the property market increased by 54% between December last year and January this year, and although this is driven in part by competition among lenders to offer lower and lower rates, agent Haart says it’s also driven by ‘bank of mum and dad’ parents.“We are seeing more and more parents on the ground looking to release equity in their homes to support increasing numbers of young people who are leaning on their parents for support to get onto the property ladder,” says Haart’s CEO Paul Smith (pictured, left).“With rents sent to increase as landlords are squeezed, and ONS figures showing that house prices have reached 10 times the average salary for a third of people in England and Wales, parents are becoming increasingly concerned that their children will not have the same opportunities for home ownership that they did.”Ishaan Malhi, CEO of online mortgage broker Trussle (pictured, right), says: “Today’s figures confirm that mortgage switching has become the major force [within the property market] driving up lending totals. It’s been almost half a year since the Bank of England cut interest rates down to 0.25%, and the number of people switching mortgage to secure a more suitable deal has since soared, jumping by 21% in January year-on-year.”But the number of homes sold might have been even higher if it hadn’t been for the ‘annus horribilis’ endured by landlords during 2016 including the Stamp Duty increases and imminent tax relief reductions. The CML says house purchase activity in the buy-to-let sector was 16% lower in January compared to a year before.haart Paul Smith first-time buyers March 14, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Housing Market » ‘Bank of mum and dad’ backed first time buyers driving property market, it is claimed previous nextHousing Market‘Bank of mum and dad’ backed first time buyers driving property market, it is claimedFirst steppers helped make up for overall dip in transactions, driven in part by disappearing landlords says CML.Nigel Lewis14th March 20170976 Views
This is a delicious, light gateau with a Japonais (almond meringue) base, filled with a smooth chocolate filling made of ganache and swiss meringue. This simple recipe makes seven gateaux of 7in/180mm in diameter.Makes seven gateauxJaponais basesEgg whites – 400gSugar – 300g- Whisk together until light and fluffy, not too stiffSugar – 300gGround almonds – 300gFlour – 50g- Mix together and fold into aboveOn silicon paper, mark out 14 x 7in diameter circles, and place paper on a tray.Using a piping bag with a round 9mm nozzle, pipe out the Japonais mix in a spiral pattern into 7in circles.The mix must completely cover the interior of the circles. Bake at a low temperature (160ºC) until golden. Remove and trim to size, immediately.FillingGanacheCream – 300gButter – 100gGlucose – 100g- Bring to the boil in a panPlain chocolate couverture – 500g (this is best in grated or drop form)- Pour the hot cream and butter over the chocolate and stir until smooth.Swiss MeringueEgg whites – 300gSugar – 300g- Whisk and heat to 75ºCGelatine leaves – 3- Soak in cold water, remove water and melt- Add the gelatine to the hot mix, and then whisk until mixture cools. Fold the Swiss meringue into the warm ganache. If necessary, warm the ganache in the microwave.To construct the gateauxPlace 7 x 7in x 1.75in-high metal rings on a greased tray. Place one base in each ring. Using two-thirds of your filling, cover the bases.Top this with your remaining bases. Use the remaining third of your filling to bring it up to the height of the ring and smooth over. Set in fridge or freezer. When solid, remove from rings, dust top of gateau with cocoa powder and garnish with a piped rosette (or your logo or other chocolate decoration).The sides of the gateaux can be finished with chocolate chips or masked, according to taste.
Twitter Facebook LinkedIn YouTube Follow DWP on: London Press Office (national media and London area enquiries only – not questions about personal claims) 020 3267 5144 A £2.7 million fund to increase support for disadvantaged families at risk of parental conflict has been announced by the Minister for Family Support, Housing and Child Maintenance, Justin Tomlinson.Parental conflict can range from a lack of warmth and emotional distance, right through to verbal abuse. If children are exposed to this sort of distress over longer periods of time, their emotional and social development can be significantly affected. It may stop children from doing as well at school or even impact their career chances in later life.Children most at risk are those with parents who are out of work, on low incomes, or struggling with physical and mental health conditions.The fund will be made up of 2 separate strands.£1.1 million of funding for projects to support families at a greater risk of parental conflictParental conflict could be caused by a range of complex issues experienced by families, including debt trouble, divorce and mental health issues. Projects will look at new solutions to address parental conflict as part of these wider family challenges.Innovation might include suggestions on how local services can work together better or targeted interventions for families.£1.6 million of funding for digital support to help parents find help onlinePioneering approaches are needed to better improve access to digital support for families at risk of parental conflict.Grant participants will be asked to develop creative solutions which target digital help at parents with low digital skills and who live in low income and workless households.The Reducing Parental Conflict Challenge Fund is part of a wider programme which encourages councils across England to integrate approaches addressing parental conflict into their local services for families.The Minister for Family Support, Housing and Child Maintenance, Justin Tomlinson, said: Caxton HouseTothill StreetLondonSW1H 9NA The main fund will be managed by Ecorys UK and Family Lives. They will review applications for funding and oversee the delivery of the final projects, taking place between April 2019 and March 2020.Eligible bidders could include local authorities, digital organisations, organisations from the public and private sector, voluntary and community organisations, and social enterprises.More informationPotential applicants can register their interest from 11 January 2019 and apply between 21 January and 15 February 2019. More information is available on the Reducing Parental Conflict Challenge Fund website.Share your thoughts about the fund on social media using #RPCchallengefund.Contact Press Office Out-of-hours (journalists only) 07623 928 975 Press Office Scotland (local media enquiries) 0131 310 1122 England and Wales (local media enquiries) 029 20 586 then 097 or 098 or 099 Conflict between parents can have a devastating and long-lasting impact on children, and it’s often caused by external stresses. We want families experiencing problems to have easier access to help. This innovative fund will develop solutions for parents to repair their relationships, resolve any conflict and provide a safer environment for their children to grow up.
Green Mountain Power (GMP), headquartered in Colchester, Vermont, has added farm methane to its portfolio of renewable energy sources, which includes hydro, wind, landfill methane and a planned solar plant, with the commissioning of the Westminster Farms plant. About 1,200 cows will provide enough manure to produce about 225 kw of electricity. That’s enough electricity to power about 250 homes.”This arrangement is a winner for all involved. I want to congratulate Green Mountain Power and Westminster Farms for working together to make this project possible,” said Governor Jim Douglas. “Not only does this allow Green Mountain Power to provide low cost alternative energy to their customers, but it also gives the farm a much needed revenue boost.”While generating power from manure is not a new concept in Vermont, the arrangement represents an important step toward creating a sustainable model for farmers. The farm will receive a fixed price per kilowatthour generated that will ensure that it gets enough money to keep the project profitable.”This kind of pricing arrangement makes it possible for the farmers to count on this revenue for their operations,” said Mary Powell, Green Mountain Power president and chief executive officer. “Our customers are choosing to buy renewable energy for a lot of reasons, but we often hear that helping preserve the local economy and way of life is an important factor. With so many Vermont farms closing shop, diversifying with the addition of electrical generation will help increase their chances of survival.”An added benefit, according to Shawn Goodell, one of the owners of Westminster Farms, “is the $80,000 per year savings in operation costs that we’ll have. That’s the amount of money we spend on bedding for the cows. The revenue stream from producing milk, electricity and offsets for operational cost will help ensure the viability for the farm for future generations of our family.”The project is the result of collaboration between Green Mountain Power, Westminster Farms and a number of State and Federal agencies. Westminster Farms made a significant investment of nearly $700,000 in the project. The U.S. Department of Agriculture provided $358,993 in rural development grants and $348,268 in loan guarantees. The Vermont Clean Energy Development Fund of $250,000 was also crucial to the undertaking. GMP committed $175,000. The Vermont Department of Agriculture provided a $50,000 grant as well as $10,000 from the Renewable Energy for America Program.The Vermont Agricultural Credit Corporation (VACC), the agricultural financing program of the Vermont Economic Development Authority (VEDA), approved $348,268 to support the digester project. “We were very pleased to help the Westminster Energy Group bring this project to fruition,” said Jo Bradley, VEDA’s Chief Executive Officer. “VACC has supported several anaerobic digester projects in recent years, helping Vermont farmers realize their renewable energy goals.”Green Mountain Power customers will also help with the ongoing payment to Westminster Farms. Green Mountain Power customers have the option of choosing to purchase renewable energy through GreenerGMP. Customers opting to pay an additional 3 cents per kwh support projects like Westminster Farms, as well as power from the Moretown Landfill methane plant. In the near future solar will be added to the list as Green Mountain Power is in the permitting process for a 200 kw solar plant.About Green Mountain PowerGreen Mountain Power (www.greenmountainpower.com(link is external)) transmits, distributes and sells electricity and utility construction services in the State of Vermont in a service territory with approximately one quarter of Vermont’s population. It serves more than 200,000 people and businesses.Source: GMP. COLCHESTER, VT–(Marketwire – October 20, 2009) –
ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading » CUNA has partnered with the Georgia Credit Union Affiliates (GCUA) to continue its aggressive nationwide defense of credit unions facing frivolous lawsuits. The organizations filed a brief Tuesday supporting Family First CU, Hapeville, Georgia, which has been sued by a plaintiff alleging website noncompliance with the Americans with Disabilities Act (ADA).“We are proud to work with the Georgia Credit Union League to demonstrate there is no standing to bring this lawsuit,” said CUNA President/CEO Jim Nussle. “Meritless litigation comes at the direct expense of credit union members and does not advance the spirit of the ADA. CUNA and the leagues will continue to support credit unions affected by frivolous lawsuits and demand letters.”Credit unions around the country are facing lawsuits due to confusion over how the ADA applies to websites, and CUNA has made finding a solution a top advocacy priority.
The agency’s decision to allow such mass events comes after the city government’s decision on July 1 to extend transitional COVID-19 restrictions for another 14 days. Jakarta had recorded 12,857 cases as of Tuesday, with 190 new confirmed cases, making it the second-highest contributor to the nation’s total.Cucu said that Jakarta had lost trillions of rupiah in tax revenue from the tourism industry as businesses had been shut down since large-scale social restrictions (PSBB) began in March.Tourism has been severely affected by the ongoing health crisis. Indonesia recorded 163,646 foreign tourist arrivals in May, down by 86.9 percent from the 1.24 million visitors welcomed in the same period last year, according to Statistics Indonesia (BPS).Jakarta’s Soekarno-Hatta International Airport saw an almost complete disappearance of foreign arrivals in May of this year, BPS data showed. Indonesian tourism hotspots Jakarta and Bali are preparing to welcome meeting, incentive, convention and exhibition (MICE) events as part of the provinces’ tourism rebound strategy despite the rising COVID-19 cases in both provinces.Jakarta tourism agency head Cucu Ahmad Kurnia said on Monday that the agency would issue a regulation allowing MICE events to be held at 50 percent capacity. The Tourism Ministry called for the suspension of MICE events in March to contain the spread of COVID-19.“Hopefully in the next day or two we will issue a letter to allow MICE events at 50 percent capacity. We will also allow outdoor corporate events and golf tournaments to be held in Jakarta,” he said during a webinar held by marketing consulting firm Markplus. Currently, Jakarta’s 1,530 clubs and discotheques remain closed despite the province’s decision to relax its PSBB policy, according to Cucu. In addition, 99 of the 637 hotels in the capital are closed, as are 123 of its 6,169 restaurants.As of May 31, the Jakarta government had collected Rp 1.7 trillion (US$117.5 million) in tax revenue from hotels, restaurants and entertainment venues over the year, a far cry from the 2020 regional budget (APBD) target of Rp 7.4 trillion. The figure is 27.1 percent lower than in the same period in 2019.“Jakarta’s tourism industry has been in a freefall since the pandemic hit,” he said.The island of Bali also plans to integrate MICE events into their tourism rebound plan, despite their vision to pivot to sustainable ecotourism.“We seem to have forgotten to take care of nature in the past, causing an imbalance, and therefore, nature is testing us right now. We have to instill our tourism sector with new mindsets to promote sustainability,” Bali tourism agency head I Putu Astawa said during the webinar.The agency’s 2020 action program, however, includes a plan to increase the number of MICE events held on the island by government agencies, state-owned enterprises and corporations starting in July.The island is also planning to organize a “Bali MICE Exchange” in early December, inviting domestic and international event organizers to promote MICE tourism on the island, Putu’s presentation showed.Bali Governor I Wayan Koster previously announced a three-step plan to reopen activity in compliance with “new normal” policies that included reopening the region’s popular tourist destinations to international visitors on Sept. 11 despite the high COVID-19 infection rate on the island.As of Tuesday, the island had recorded 1,940 confirmed cases of COVID-19, the ninth-highest number of regional cases in Indonesia, with 25 deaths and 1,034 recoveries, according to Bali government data.“We have been losing income for more than 3 months. While there is still COVID-19 transmission in Bali, we have to come to terms with the virus because we can’t eradicate it,” Putu said.Topics :
Governor Wolf’s Week, July 10 – July 16, 2016 By: The Office of Governor Tom Wolf Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf SHARE Email Facebook Twitter The Blog, Videos, Weekly Update This week, the governor signed legislation to finalize the 2016-17 budget that invests in our schools, dedicates funding to fight the opioid epidemic, and reduces the deficit. In less than two years, Governor Wolf has made significant progress to move Pennsylvania forward.In this compromise, bi-partisan budget, Governor Wolf was able to secure an additional $200 million in basic education funding, as well as a $30 million increase for early childhood education, a $20 million increase for special education, and a $10 million increase for early intervention, and a nearly $40 million increase for higher education. Working with the legislature, Governor Wolf has secured historic increases in less than two years.Governor Wolf was able to work with the legislature to secure $20.4 million in the budget to combat Pennsylvania’s heroin crisis and expand treatment options for Pennsylvanians struggling with opioid use disorder. This critical funding will enable the Department of Human Services, during phase one, to implement 20 Opioid Use Disorder (OUD) Centers of Excellence that will treat approximately 4,500 people that currently are not able to access treatment.When Governor Wolf took office, Pennsylvania was facing a deficit of more than $2 billion, and while we have more work to do, today, the commonwealth’s deficit has been significantly reduced.Over the past 18 months, Governor Wolf has achieved significant progress to move Pennsylvania forward. Working with a Republican dominated legislature, Governor Wolf has secured over half a billion dollars in new money for schools along with a fair funding formula that will help school districts that need it the most. He has also won reforms that have languished for decades like modernizing the sale of beer and wine, the legalization of Medical Marijuana, and the phase out of the capital stock and franchise tax. In just under two years, and with a sometime adversarial legislative body, it is clear that Governor Wolf has secured significant victories and is making progress to move Pennsylvania forward.When Governor Wolf took office, he inherited a commonwealth moving backwards as a result of bad policies, misguided decision-making and budgets built gimmicks and smoke and mirrors.Schools were suffering from devastating cuts that resulted in larger class sizes, mass layoffs of educators, and cuts to important programs.The commonwealth was 1 of 3 states that did not have a fair funding formula.Medicaid expansion was an unbridled maze of bureaucratic red tape.Pennsylvania’s heroin crisis had grown to represent our biggest public health crisis in our lifetime.Liquor reform had languished for decades.Medical marijuana had been debated for years with no action; andCitizen’s legitimate environmental concerns had been neglected.Our deficit had grown to more than $2 billion.Governor Wolf has fought hard to turn things around and worked with the legislature to move the commonwealth forward, and in less than two years, he has made significant progress.Governor Wolf’s Week, July 10 – July 16, 2016Sunday, 7/10/16MEMO: Governor Wolf Secures Historic Increases to Education in 2016-17 BudgetMEMO: Governor Wolf Secures Critical Funding to Fight Opioid EpidemicBipartisan, Compromise Budget to Become LawRemarks from Governor Wolf’s Announcement the Bipartisan, Compromise Budget to Become Law (VIDEO)Monday, 7/11/16Governor Wolf Statement on House Bill 1948How the Budget Could Become Law Without Gov. Wolf’s SignatureTuesday, 7/12/16Governor Wolf Announces First ‘Carbon Science Center of Excellence’ in U.S. to be Established in Centre CountyWednesday, 7/13/16Governor Wolf Statement on Completion of 2016-2017 BudgetThursday, 7/14/16Governor Wolf Signs School Code, Fiscal Code, Tax Code, and Non-preferred Appropriations BillsSee What’s in the 2016-17 BudgetMEMO: What We Have AchievedWolf Signs Legislation Authorizing Ride-Sharing in Philadelphia, Urges Long-Term Legislative SolutionGovernor Wolf, Senator Wiley, Reps. Harkins and Fabrizio Secure Critical Funding in Budget to Aid ErieGovernor Wolf Announces Launch of PennDOT Traffic Website for Residents, Visitors during DNCGovernor Wolf Announces Tax Credits and PennHOMES Funding for Affordable Multifamily Developments in PennsylvaniaFriday, 7/15/16Department of Human Services Receives $3 Million Federal Grant to Fund Opioid Addiction Treatment in Rural PennsylvaniaGovernor Wolf Announces $30 Million for Abandoned Mine Reclamation Projects July 15, 2016
The €48bn industry-wide metal scheme PMT said it would reduce its yearly pensions accrual from more than 2.2% to 1.9% but keep its contribution at the current level of 18.1% of the pensionable salary.It is also to reduce its ‘franchise’ – the amount exempt from pensions accrual and for which no contribution is charged – from €15,904 to €15,554 in 2014.It said it opted, with its new accrual, for highest possible percentage under new government plans, combined with a reduced franchise.The scheme’s board said it decided to leave the premium unchanged at 18.1% to create leeway for improving PMT’s financial position. It added that the employers would increase their part of the pension contribution from 53.2% to 63.2% to allow their workers a net salary rise.This means the employers will also pay the full premium for transitional schemes for early retirement, according to PMT.The pension fund’s coverage ratio was 104.1% at October-end and must be at least 104.3% at the end of this year in order for PMT to avoid further austerity measures.Last April, the scheme had to apply a rights cut of 6.3%.Annemieke Biesheuvel, PMT’s spokeswoman, said: “It is likely to be a very tight outcome.”She said the scheme’s board could be facing a decision about a marginal cut of a few percentage points.“The question would be whether or not to apply a tiny discount, as a cut wouldn’t be good for public support for pension funds,” she said.The pension fund for metalworking and engineering has 1.2m participants in total, affiliated with 40,000 companies, and is the third-largest pension fund in the Netherlands.Elsewhere, insurance holding Achmea announced that it would shed 4,000 of the 19,000 jobs at its various subsidiaries, including pensions provider, asset and property manager Syntrus Achmea.Sources within the company said Syntrus Achmea’s 1,500 staff in De Meern, Amsterdam and Tilburg would not be affected by the cuts, apart from redundancies, as a consequence of already running and largely completed cost-cutting measures.
It also urged local government units(LGUs) to craft “earthquake action plans” and for local DRRMCs to submit aninventory of equipment for Collapsed Structures Search and Rescue (CSSR). In Guimaras, according to Nuñez, thelocal DRRMC spotted barangay halls and health centers with light CSSRequipment. Asidefrom the city hall, also up for inspection are the Iloilo City National High School,Fort San Pedro National High School, Jaro National High School, MandurriaoNational High School and A. Mirasol Memorial Elementary School, La Paz NationalHigh School, Jalandoni National High School, and Ramon Avanceña National HighSchool. (With a report from thePhilippine News Agency/PN) In Patnongon, Antique, 15 buildingswere inspected. Some of these – the very old ones – were recommended fordemolition while schools in areas with a high risk of having landslides wererecommended for relocation to safer grounds. On the other hand, the Department ofEducation reported that Daragan Elementary School classrooms in Buenavista,Guimaras have major cracks on columns, walls and floors. Thenon-structural component includes ceilings, windows, doors, and partitions,among others. “We have to take seriously. Dapat handa po tayo. Tapos kung ano ‘yungmga emergency evacuation plans, just contact the OCD para tulungan namin kayo na mabigyan ng training,”said Nuñez. “Wehave not seen major defects or damage. What we saw were minor, superficialcracks that were not significant to the structural integrity of the building,”said Grecia. TheBFP also checked the condition of sprinklers and fire exits at city hall. “Wewill stop there, we will no longer proceed with the strength evaluation becausewe have not seen damage to structural integrity,” said Grecia. “Huwagna nating hintayin kung kailan gagalaw…dapat may preparedness,”said Nuñez. The assessments were in line withPresident Rodrigo Duterte’s directive for such nationwide following theearthquakes that struck Mindanao last week. OCD-6 consolidated the assessmentreports of various agencies, said Regional Director Jose Roberto Nuñez. Basedon the data gathered, the city hall was designed to withstand an intensity 8earthquake. It already weathered three earthquakes and typhoons. According to Nuñez, some local governmentunits in Negros Occidental also submitted their respective building assessmentreports – Bago City, Calatrava, Candoni, EB Magalona, Hinigaran, La Carlota, LaCastellana, Manapla, Moises Padilla, San Carlos City, Silay City, Sipalay City,Valladolid, and Victorias City. “Occupantsand visitors need not worry,” said Grecia. Thefirst step they did was to conduct a visual/physical appearance review of theseven-story city hall to spot defects, especially on the structural component.It was followed by a series of inspections and evaluations. Western Visayas has two earthquakefault lines (Panay Trench and Negros Trench). Actually, according to Nuñez, longbefore President Duterte ordered a nationwide assessment of buildings, theRegional DRRMC already pressed for the integrity assessment of all structuresvia Memorandum No. 031-2019 issued on April 23, 2019. In Mina, Iloilo, the local disasterrisk reduction and management council (DRRMC) discovered seven elementaryschools with cracks on walls and ceilings. Some school buildings were alreadydilapidated and prefabricated Marcos-type buildings were already showing theirage. The Department of Interior and LocalGovernment (DILG) checked seven of its buildings in the region. One in Jordan,Guimaras had minor cracks due to previous earthquakes. In Iloilo City, a composite teamled by the City Engineer’s Office (CEO) kicked off on Thursday the inspectionof the structural integrity of buildings, including government-ownedinfrastructures and facilities. Inspectorsfound “minor cracks located on non-structural members”. CEOStructural Engineer Cloyd Grecia said the directive was only for structuralintegrity but they also decided to involve the City Disaster Risk Reduction andManagement Office (CDRRMO) and the Bureau of Fire Protection (BFP). ILOILO City – Several buildings inWestern Visayas – some located in schools – have cracks, according to theOffice of Civil Defense (OCD) Region 6, citing reports from various agenciesthat conducted earthquake building assessments.
By Lonnie WheatleyPEORIA, Ariz. – The regular season at Canyon Speedway Park wraps up in truly exciting fashion with the running of this Saturday night’s Mr. Excitement 40 Tribute to Terry Belcher atop the 1/3-mile clay oval near Phoenix.IMCA Modifieds will take center stage in Saturday’s Mr. Excitement 40. Saturday’s action goes green at 7 p.m. after an open practice session on Friday from 7-10 p.m.Mike Strobl is closing in on the CSP Modified track title while Bryson Curry and Jay Foster split the most recent Modified action.Tickets to Saturday’s “Mr. Excitement 40 Tribute to Terry Belcher” are $16 with a $3 discount for military, seniors and students. Children ages 7-12 are $6 with children six and under admitted free. VIP passes are available for $20.