The Financial Conduct Authority and HM Treasury have announced that home owners are to be offered an further four months of mortgage holiday to help them through the Coronavirus crisis, if they are still struggling financially.The original scheme was due to run out at the end of June but is now to finish at the end of October, although the FCA says home owners should return to paying their mortgages where possible. The FCA is to consult with lenders until 26th May on the proposals and then introduce the extended scheme.As Coronavirus has ravaged the economy, the mortgage holiday scheme has proved popular and some 1.8 million homeowners – up from 1.6 million last month – have taken it up, but the FCA is worried that these borrowers will then face a ‘cliff edge’ once the relief ends.But it is not clear yet whether an extended scheme would include landlords or those on the Help to Buy scheme.Both groups currently have the opportunity to take up a similar three-month mortgage holiday, although in landlords’ case only if their tenants are suffering financial hardship and can’t pay their rent.RecessionAll the mortgage holiday schemes were due to finish at the end of June, but comments by the Chancellor Rishi Sunak in recent days that the UK faces an unprecedented recession once the economy tools up again, and the ongoing social distancing rules that will keep many leisure and food businesses closed, mean mortgage holders will need longer to get back on their financial feet.Christopher Woolard, Interim Chief Executive at the FCA, says: ‘Our expectations are clear – anyone who continues to need help should get help from their lender.“Where consumers can afford to re-start mortgage payments, it is in their best interests to do so.” Rishi Sunak Christopher Woolard FCA mortgage rules Financial Conduct Authority May 22, 2020Nigel 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 » BREAKING: Mortgage holiday scheme to be extended for another four months previous nextHousing MarketBREAKING: Mortgage holiday scheme to be extended for another four monthsFinancial Conduct Authority says the extended relief period is necessary to prevent a cliff edge of mortgage defaults.Nigel Lewis22nd May 202002,718 Views
The Government has dashed estate agents’ hopes of an extension or tapering of the Stamp Duty holiday.This body blow for both the industry and thousands of home movers likely to miss Rishi Sunak’s 31st March deadline has been delivered in the Government’s response to a parliament online petition.It passed the 10,000 signatures that forces the Government to respond to these petitions several days ago and has now been signed by 22,635 people.The statement says: “As the relief was to provide an immediate stimulus to the property market, the Government does not plan to extend this relief.Government revenue“SDLT is an important source of government revenue, raising several billion pounds each year to help pay for the essential services the Government provides.“The Government is committed to supporting home ownership and helping people get on and move up the housing ladder.“When the SDLT Holiday ends, the Government will maintain a SDLT relief for first time buyers which increases the starting threshold of residential SDLT to £300,000 for first-time buyers that purchase a property below £500,000.“In addition, a new Help to Buy scheme will be introduced from 1 April 2021. This scheme will run until March 2023.“All tax policy is kept under review and the Government considers the views it receives carefully as part of that process.”Read more about the stamp duty deadline.stamp duty petition Stamp Duty holiday Rishi Sunak sdlt December 16, 2020Nigel Lewis3 commentsJohn Socha, Orchard BMS Ltd Orchard BMS Ltd 19th December 2020 at 12:23 pmSadly, the government is run by “Rich Kids” who have never had to struggle to pay their bills or worry about job security.George Osborne & David Cameron (where are they now?) promised the “Triple Lock” of no increase in VAT, Income Tax or National Insurance Contributions.Boris (another Rich Kid) has promised not to break the Triple Lock.Where else is he going to raise the revenue to pay for Covid-19 measures?Stamp Duty & Capital Gains Tax is his glib answer.Most citizens expect there to be a taxation cost some where at some time.As Boris inhabits in “The Westminster Bubble” and are still wrestling with the EU over fishing, they are totally distracted.Housing is what they call “Low Hanging Fruit” with the repost that those paying the tax are like Rolls Royce drivers complaining about the price of petrol.Select an easy target and squeeze, as Dennis Healey (The last old Labour Chancellor) said in the 1970’s “Squeeze Until the Pips Squeak”.Not fun but a fact of political life.Log in to ReplyJames Gibbs, Gibbs Gillespie Gibbs Gillespie 16th December 2020 at 4:00 pmResponse as expected. Ever since this “tax on housing” was massively increased by previous Chancellor George Osbourne, we have known it was a mistake. Probably the biggest error of his as Chancellor. The Gov’t now know this and the SDLT holiday is a step in the right direction. What the Gov’t says now and does in three months time remains to be seen. HEALTHY HOUSING MARKET = VIBRANT ECONOMY.POOR HOUSING MARKET = RECESSION.Log in to ReplyPeter Everett, Peter Everett Peter Everett 16th December 2020 at 8:57 amWhilst hugely disappointing and frustrating, online auction could be a ‘Plan B’ option for those motivated sellers who want to attract buyers before the 31st March deadline. Please get in touch if you would like to know how Offr could help you run an online auction from your own website.Log in to ReplyWhat’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 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Official: There will be no Stamp Duty holiday extension previous nextRegulation & LawOfficial: There will be no Stamp Duty holiday extensionMinisters have delivered the body blow to agents and buyers via its response to an online parliamentary petition.Nigel Lewis16th December 20203 Comments7,121 Views
Comments1 commentsFacebookTwitterCopy LinkEmail APRIL 13TH, 2018 CHRIS MASTROBUONO EVANSVILLE, NEWBURGH Energy Systems Group started operations 25 years ago in Indiana.They celebrated their silver anniversary with a ribbon cutting this afternoon at their new state of the art facility in Warrick County.ESG provides efficient and renewable energy projects across the county.Lieutenant Governor Suzanne Crouch, Evansville Mayor Lloyd Winnecke, representatives from Vectren and ESG Employees were all on hand.The new building will house 70 employees, who will work to provide sustainable infrastructure solutions for customers.President of ESG, Greg Collins said, “The energy efficient is a win win for customers both from an environmental standpoint as well as saving money, so we see a great future for it growing and as energy prices increase, there will be a lot of opportunity to save money.”ESG sees energy efficiency as a win-win for customers and the environment. They have joined forces with Vectren as Vectren turns to more renewable energy across Indiana and this partnership could lead to more jobs and benefit communities and businesses across the state.Lieutenant Governor Suzanne Crouch said, “Indiana leads the country in advanced manufacturing, we are number one in the Midwest and fifth in the nation for our business environment, we have the third best infrastructure in the country, and we are one of twelve states that has a triple A credit bond rating by all three independent rating agencies.”ESG has just completed a solar panel project for the EVSC, the company has another project in the works for the court house in Warrick County.
A water-filled sandpit serves as one of the obstacles in the beach race of the Memorial Beach Challenge in Ocean City, NJ on May 23, 2015.Thousands of spectators and competitors filled the beach and boardwalk Saturday morning in Ocean City for the third annual Memorial Beach Challenge.The event attracted a field of more than 500 for a beach obstacle course race between Fifth and 14th streets. More than 200 children participated in a kids’ run, and another handful of individuals and relays competed in a paddleboard race.In just its third year, the event promises to become a Memorial Day Weekend tradition in Ocean City.Henry Notaro, 53, of Northfield, wins the beach obstacle course race.Henry Notaro, a 53-year-old builder from Northfield, won the beach race, which includes a course over sand mounds and into water-filled pits and other hazards.“It was the toughest workout I ever did,” said Notaro, a three-hour marathoner.The hardest part?“Had to be those damned moguls … and running in the sand comes a close second,” Notaro said. “But I never had more fun in my life.”Brian Pasternak won the individual paddleboard event on a 12-foot prone board.Brian Pasternak, a 31-year-old member of the Ocean City Beach Patrol, won the individual paddleboard competition on a 12-foot prone board.Pasternak said he had an advantage paddling into the wind over Sven Peltonen, who finished second on a 14-foot stand-up paddleboard. Peltonen had won the individual event in its first two years.The race featured a triangular course with competitors competing loops that included legs in and out of the surf and obstacles on the beach.A crowd of competitors and spectators listens to the opening ceremonies of the Memorial Beach Challenge early on Saturday, May 23.The Memorial Beach Challenge benefits the Navy SEAL Foundation, the 31 Heroes Project (named for the SEALS killed in a helicopter crash in Afghanistan on August 6, 2011) and the Travis Manion Foundation. Manion was a U.S. Naval Academy graduate and a Marine from Doylestown, Pa., who was killed in action in Iraq on April 29, 2007.“It’s impressive to see the Ocean City community come out year after year,” said Maura Lukevics, chief financial officer for the 31 Heroes Project.A pair of competitors in the kids’ run crest a sand mound on the way to the finish line.Lukevics said the event raised $35,000 last year, and she expects that three-year fundraising total from the Memorial Beach Challenge to exceed $100,000.What started as a single CrossFit workout in 2011 has now become a nationwide series of competitions that benefit veterans’ families.“It gives athletes a way to give back,” Lukevics said.Mike Vaules, a former Ocean City Beach Patrol member and one of the organizers who helped bring the event to Ocean City in 2013, said the mission of the Beach Challenge is not lost even on his own young children, who participated in the kids’ run.“They understand the meaning of Memorial Day,” Vaules said.Check for complete results from the event (which had not been posted as of early Saturday afternoon): MemorialBeachChallenge.comShare your photos on social media. Use #mbc2015 as a hashtag.____Sign up for free e-mail news updates from OCNJ Daily.
Mungion is a relatively new band to the jam scene, having only formed in spring of 2015. However, despite the recent beginnings of the project, the Chicago-based four-piece has become one of the fastest rising acts in the jam scene, quickly earning a legion of fans with their energetic, raucous live shows and wild improvisations. Composed of Justin Reckamp (guitar/vocals), Joe Re (keyboards/vocals), Sean Carolan (bass/vocals) and Matt Kellen (drums/vocals), the group has crafted ambitious compositions that transform in a live setting, given the band’s penchant for fearless, no-holds-barred jams and fierce onstage demeanor.Most recently, the start of 2018 saw Mungion embark on their first-ever headlining tour, gaining the band more acclaim nationally. During this pivotal tour, the band made a stop on their home turf in Palatine, Illinois for a performance at Durty Nellie’s on March 16th. As Joe Re explained about the show, “It was a great feeling to be back home, capping the tour off by playing for the ones who’ve been with us since day one. The Mung Force was very strong at Nellie’s. We all had an amazing time, and we all really fed off of all of that positive energy!”Matt Kellen elaborated, “Playing for the hometown crowd truly brings out the best in each of the band members. Many of the folks in attendance have been there for us since the very beginning, and that really inspires us to play at the highest level possible. It’s very encouraging to look out into the crowd and see parents, siblings, and longtime friends, all moving in step with the music we work so hard to create.”Today, Live For Live Music is proud to premiere Mungion’s fiery take on “Nuthead” from the Durty Nellie’s show. The song came early in the first set, segueing flawlessly out of the set-opening fan-favorite, “One Night Stan”. You can have an exclusive first watch of the performance with this pro-shot video below.Mungion – “Nuthead” – 3/16/18[Video: Andy Fabitz]See below for a full list of Mungion’s upcoming tour dates. For more information, head to the band’s website.Setlist: Mungion | Durty Nellie’s | Palatine, IL | 3/16/2018Set 1: One Night Stan > Nuthead > Basketball, Born From a Compass, Windows > HerbertSet 2: Hung Daddy, Beneath the Shallows, [email protected] > Forgot About Dre$ > McBrides#, Quemaste Tu Cabella > Scrambled Legs > Quemaste Tu Cabella, Justice > BlackBerry Blossom > Justice, MakandaEncore: Baba O’ Reilly*@ – Unfinished | $ – Dr. Dre & Eminem Cover | # – Leahy Cover | % – Who CoverNotes: Second Set Featured Phil Roach on Fiddle Mungion Upcoming 2018 Tour Dates:05/19/18 Bedford, PA Domefest05/27/18 Chillicothe, IL Summer Camp06/09/18 Island Lake, IL Sideout’s Bar and Grill06/16/18 Earlville, IL Preferably Grateful Friends Fest06/29/18 Bond, CO Beanstalk Music And Arts Festival07/13/18 Scranton, PA Camp Bisco07/18/18 West Lafayette, IN Tippecanoe County Ampitheater07/27/18 Manhattan, IL Down On The Farm07/28/18 Girard, PA The Gathering at Chaffee’s07/29/18 Voluntown, CT Tamarack Lodge08/02/18 Thornville, OH The Werk Out08/10/18 Kenosha, WI Peacetree Music Festival08/11/18 Caledonia, MI Cowpie Music Festival08/16/18 Asbury Park, NJ Jams on the Sand09/07/18 Capon, Bridge, WV Buffalo Gap Retreat09/29/18 Schuylkill Haven, PA Meeting of the MindsView All Tour Dates
A snow removal ordinance recently passed in of South Bend may penalize off-campus students who do not clear their sidewalks in front of their houses within 24 hours of snow accumulation. Student body president Catherine Soler said the new ordinance reinforces a policy that was already in place in South Bend. “It’s been a long conversation in community meetings about people not shoveling their sidewalks, not just students but everyone,” Soler said. The new ordinance will impose a fine of $15 to start and $25 for noncompliance if a sidewalk is not cleared within 24 hours after snowfall, according to The South Bend Tribune. Soler said student government believes off-campus students choose to be a part of the South Bend community and therefore assume all the responsibilities of a regular resident. “We are members of the community,” Soler said. “If we want to be respected in other ways we have to participate as a normal citizen would.” Although students will be responsible for their sidewalks while school is in session, student government is in the midst of figuring out how to help students over breaks, Soler said. “We want to make sure that students who are away over break aren’t penalized,” Soler said. “Hopefully we can work out a system and provide volunteers.” Soler said the University hopes to create a volunteer system to help both off-campus students and those in the local community who are not able to shovel outside their homes. This project was still in planning stages, but Soler said Notre Dame and other local colleges want to set up a database of students willing to be contacted after snowfall in the area. The various leasing companies around Notre Dame have different policies regarding shoveling. Mark Kramer, owner of Kramer Properties, said his policy is to shovel snow for students over breaks and after the heaviest snowfalls, but his tenants are responsible for clearing their sidewalks after light snowfall. “If it’s just a light snow then it’s in their lease that students will take care of that part themselves,” Kramer said. Senior Elise Gerspach leased her off-campus house through Kramer Properties. She said she agrees Kramer should be responsible for shoveling over breaks and the students should be accountable for their sidewalks while they are at school. However, some companies will shovel for their tenants after any amount of snowfall. “It’s definitely an annoyance especially considering our next-door neighbor’s landlord did shovel for them last time it snowed,” Gerspach said. “Their sidewalk was literally shoveled right up to the borderline between our houses.” One such landlord is Campus Housing, a leasing company managed by Campus Apartments. Property manager Sean Conley said his company shovels for its residents throughout the winter. “We make sure everything’s cleaned for our students,” Conley said. “We’re constantly removing snow from sidewalks and if they have driveways then clearing the driveways.” Conley said Campus Houses takes pride in the fact that their maintenance staff and landscapers keep their sidewalks clean. “We don’t want to make it our students’ responsibilities,” Conley said. “We just want people to feel safe walking out their doors.” Driving on snowy roads is also a concern for many students. Gerspach said she would like to see the city become more efficient in their own removal of snow on the streets. “Maybe if my car didn’t slide out of control on my way to campus every time it snows I’d be more willing to shovel my sidewalk,” Gerspach said.
The US Small Business Administration’s Regional Administrator for New England, Jeanne Hulit is encouraging survivors affected by Tropical Storm Irene in the State of Vermont to register for assistance with the Federal Emergency Management Agency (FEMA) and return completed SBA disaster loan applications to get the help they need. The SBA’s low-interest disaster loan program is the primary source of federal funds for long-term recovery for uninsured damages caused by a declared disaster. ‘We are coordinating recovery efforts with our SBA Resource Partners along with federal, state and local stakeholders in the declared disaster area to ensure affected survivors receive proper assistance from the SBA. Taking time to complete and return the loan application package to the SBA is an important part of the recovery process,’ Hulit said.Disaster loans up to $200,000 are available to homeowners to repair or replace disaster damaged or destroyed real estate. Homeowners and renters are eligible up to $40,000 to repair or replace disaster damaged or destroyed personal property. Businesses and private non-profit organizations of any size may borrow up to $2 million for physical losses and working capital needs. Interest rates are as low as 2.5 percent for homeowners and renters, 3 percent for non-profit organizations and 4 percent for businesses with terms up to 30 years. ‘The SBA District Office and the Small Business Development Center (SBDC) Network in Vermont are reaching out to local businesses to make sure they have access to federal resources to help them recover from the disaster,’ said SBA Vermont District Director, Darcy Carter. ‘We encourage all small businesses affected by the disaster to stop by the Disaster Recovery Centers where they can ask questions specific to their situation and get answers right on the spot from the disaster center staff.’ Area advisors from the VtSBDC network are available to assist business owners evaluate their situation and prepare documents needed for disaster loan applications. In Vermont, call 1-800-464-7232 or visit www.vtsbdc.org(link is external) and click on ‘location’ to find the advisor in your area. ‘Our team of experienced business professionals can help devastated individuals examine the overall condition and health of their business, and review options for the future,’ said VtSBDC State Director, Lenae Quillen-Blume. ‘The local advisor is in contact with Disaster Recovery Center staff and has an understanding of programs available and requirements of them.’ The disaster declaration covers the counties of Addison, Bennington, Caledonia, Chittenden, Orange, Rutland, Washington Windham and Windsor in Vermont, which are eligible for both Physical and Economic Injury Disaster Loans from the SBA. Small businesses and most private non-profit organizations in the following neighboring counties are eligible to apply only for SBA Economic Injury Disaster Loans: Essex, Franklin, Grand Isle, Lamoille, and Orleans in Vermont; Berkshire and Franklin in Massachusetts; Cheshire, Grafton and Sullivan in New Hampshire; and Clinton, Essex, Rensselaer and Washington in New York. To be considered for all forms of disaster assistance, call the Federal Emergency Management Agency (FEMA) at 800-621-FEMA (3362), (TTY) 800-462-7585 for the deaf and hard-of-hearing. Additional information on the loan application process and the locations of Disaster Recovery Centers can be obtained by calling the SBA Customer ServiceCenter at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to [email protected](link sends e-mail). Those affected by the disaster may also apply for disaster loans electronically from SBA’s website at https://disasterloan.sba.gov/ela/(link is external). The filing deadline to return applications for physical property damage is October 31, 2011.The deadline to return economic injury applications is June 1, 2012.
FacebookTwitterLinkedInEmailPrint分享Associated Press:Ameren Missouri announced plans Monday for a 400 megawatt wind farm in rural northeast Missouri, creating enough power to serve 120,000 homes within two years. St. Louis-based Ameren said its High Prairie Wind Farm near Kirksville will be the largest in the state.Ajay Arora, vice president of power operations and energy management at Ameren Missouri, called it a significant step toward Ameren’s goal of reducing carbon emissions 80 percent by 2050. “What’s most important for our customers is to have a balanced energy mix,” Arora said in an interview. “That would be a combination of hydro, nuclear, natural gas, coal, wind, solar. Our portfolio has it all. And that provides the affordability and reliability that our customers expect.”Plans call for 175 450-foot-tall wind turbines on land in Adair and Schuyler counties, near the Iowa border about 200 miles north of St. Louis. Groundbreaking is expected in summer of 2019, and the turbines are expected to be operational by 2020, Arora said.Arora said northern Missouri in general is a “good wind resource.” The state’s largest current wind farm, operated by Lenexa, Kansas-based Tradewind Energy Inc., opened last year in northwest Missouri and can generate 300 megawatts of electricity, or enough to power 100,000 homes.Additional but smaller wind farms could follow. Arora said Ameren plans to spend around $1 billion by 2020 toward a goal of generating at least 700 megawatts of wind-generated energy. Ameren Missouri also plans to add 100 megawatts of solar-generated energy over the next decade, the company said.More: Ameren Plans 400-Megawatt Wind Farm, Missouri’s Largest Ameren Plans Missouri’s Largest Wind Farm
The Colombian police, with the support of the U.S. Drug Enforcement Agency, discovered an improvised submarine factory and confiscated a submersible under construction, which is an indication that drug traffickers continue to use this method to export cocaine to North America. The director of the Anti-narcotics Police, General Luis Alberto Pérez, announced that the site for building the submersibles, with wooden buildings capable of housing around 40 people, was discovered in a jungle area near the municipality of Puerto Escondido, in the department of Córdoba, near the Caribbean Sea. The police commander said that both the fiberglass submarine, with the capacity to transport six tons of cocaine, and the improvised shipyard, belonged to the criminal gang known as “Los Urabeños”. Criminal gangs made up of former extreme-right-wing paramilitaries have become the new U.S. objective due to their active ties to the production and trafficking of cocaine, which they export to the Mexican cartels that control the business, according to security sources. Submarines have been one of the methods most used by drug traffickers in recent years to export cocaine, taking advantage of the South American country’s geographical situation, surrounded by two oceans that make it a strategic location for illegal activity. Colombia, the world’s leading producer of cocaine, yielding around 300 tons a year, has faced an internal conflict for the past five decades against leftist guerrilla groups and criminal gangs that obtain billions of dollars from drug trafficking. From 1993 to the present, the Colombian Navy and police have confiscated 71 submarines used to send shipments of cocaine to North America. The United States, Colombia’s chief ally in the fight against drug trafficking, has given Bogotá more than $6 billion in military equipment, training, and social-assistance programs since 2000. Colombia confiscated 156 tons of cocaine in 2010, and more than 80 tons have been seized so far this year, according to official statistics. The enormous profits of drug trafficking and Colombia’s geographical position are the chief obstacles to eradicating this crime in the South American country, according to police sources. By Dialogo October 20, 2011
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