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first_imgGatehouse Bank has widened the eligibility criteria on its range of Buy-to-Let products, including an increase to the maximum age at the end of the term, from 85 to 99 years.The 99-year age limit will not apply to customers who rely on non-rental income to meet affordability criteria. Where there is a reliance on personal income, the maximum age remains 85.However, the change to the upper age limit is designed to remove financing challenges for older clients, who would otherwise have no problem passing affordability tests.Gatehouse will also now allow refinancing within six months of purchase for all Buy-to-Let customers, subject to an enhanced due diligence process.Criteria changes to Buy-to-Let productsMaximum Finance-to-Value for Expats and International Residents has increased to 80% from 75%Minimum finance amount reduced to £60,000 for Expats and International ResidentsMinimum property value lowered from £100,000 to £75,000 for Expats and International ResidentsMaximum age increased to 99-years at the end of the finance term for UK Residents, Expats and International Buy-to-Let customersThe Bank will now require three months of bank statements from Expats, rather than 12 months, while International Residents will only need to provide six months’ worth of statements, rather than 12 months – conditions apply.The maximum age increase and reduction of statements also apply to Houses in Multiple Occupations (HMOs) and Multi Unit Freehold Blocks (MUFBs).The Bank has also made changes to its Home Purchase Plan criteria; refinancing is now allowed within six months of purchase, subject to further due diligence. Home Purchase Plans are Shariah-compliant alternatives to conventional mortgages thatcarry no early payment charges.Charles Haresnape, CEO of Gatehouse Bank, said, “We are always looking at ways to improve our Buy-to-Let and Home Purchase Plan ranges to ensure we make the application process as easy as possible for our brokers and customers.“We are able to make the latest changes to our criteria because of our human approach to underwriting, which means we take our customers’ full financial circumstances into account.”Gatehouse Bank 99 year old mortgage terms buy to let finance buy to let lending buy-to-let March 13, 2020Richard ReedWhat’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 » Good news for mature landlords! previous nextProducts & ServicesGood news for mature landlords!Borrow until you’re 99! Gatehouse Bank widens its repayment terms on buy-to-let mortgages.Sheila Manchester13th March 20200533 Viewslast_img read more


first_imgThe motion resolved to “support Abolish Eton’s fundamental aim of ending the private education sector and bringing private schools under public administration.” Recognising this, the club resolved to mandate the co-chairs to petition Angela Rayner MP, the Shadow Education Secretary, to support the policy’s inclusion in Labour’s official election platform. A friendly amendment was also added to call on club members to individually submit the proposal to the Labour party’s manifesto crowdsourcing website. Speaking from the floor, one member quoted OULC’s founding chair on the reason for establishing the club: “That those who have more to lose than their chains may stand in solidarity with those who do not.” This comes a month after the group successfully persuaded delegates at the Labour Party conference to vote in favour of adopting the abolition of private schools as official party policy. Shadow cabinet ministers later hinted that the policy would not be included in the party’s 2019 election manifesto, which has yet to be released. Asked whether the club would be supporting the Abolish Eton campaign’s call for a 7% cap on private school students at top universities, Staker said the motion deliberately avoided specifics and instead expressed support for the campaign’s fundamental aims. At their General Meeting this evening, Oxford University Labour Club voted in favour of a motion to support the Abolish Eton campaign, also known as the Labour Campaign Against Private Schools.center_img The motion, proposed by co-chairs Meg Howells and Jay Staker, states that “we, as an Oxbridge Labour Club have a special responsibility to speak out against institutionalised privilege in education.” However, Holly Rigby, coordinator of the Abolish Eton campaign, recently told the Guardian: “There is no justification for the fact that young people’s opportunity to flourish and fulfil their potential is still determined by the size of their parents’ bank balance.” Some have suggested that the Labour Party are unlikely to wholeheartedly adopt the policy in their manifesto, despite the support of conference delegates. The New Statesman‘s Patrick Maguire reported during Labour conference: “The policy prescription drafted by campaigners is, it is unlikely to be adopted in full. This is partly because of its radicalism. The suggestion that a Labour government would expropriate the assets of private schools alarms some of those who will ultimately be responsible for translating last night’s vote into a workable programme of policy.” Responding a concern from the floor that the motion could impact the club’s inclusiveness, Howells said: “It’s nothing personal. We’re not going after individuals. Our issue is with the system and the positions of privilege it creates, not the people who were put in those positions through no fault of their own.”last_img read more


first_imgJANUARY 23rd, 2018  BRITNEY TAYLOR INDIANA Indiana is one step closer to seeing carry out alcohol sales on Sunday. Today, the Senate passed a bill to allow Sunday sales.The legislation passed 39 to 10 with no discussion.The bill allows liquor, grocery and convenience stores to sell alcoholic beverages from 12 p.m. to 8 p.m. on Sundays.Now the bill heads to the House for a vote.Britney TaylorWeb ProducerMore Posts – Website FacebookTwitterCopy LinkEmailSharelast_img


first_imgIndianaLocalMichiganNationalNews Google+ By Jon Zimney – September 23, 2020 2 519 (“Keyboard of a computer” by Marco Verch, CC BY 2.0) Election interference by foreign hackers covers a lot more than the possibility of tampering with the vote count.U-S-C cybersecurity expert Clifford Neuman says there’s no sign hackers have been able to manipulate vote tallies. But there have been documented attempts to hack voter rolls, which could leave voters unable to cast their ballot on Election Day. Secretary of State Connie Lawson’s office has said it’s beefed up security in response to several attempted attacks on county computer systems in Indiana.Neuman says hackers could also target polling places, trying to force them to shut down through denial-of-service attacks and creating long lines elsewhere. And Neuman says one of the softest targets for hackers is you. Cybervillains have tried to manipulate voters by spreading phony information about deadlines and polling places. Neuman says if hackers can’t compromise the election, their fallback is to encourage doubts about its legitimacy. He warns isolated incidents of hacking could be used to fan those suspicions.U-S-C’s Election Cybersecurity Initiative is conducting a series of state-by-state workshops on the need to beef up security.Neuman says you need to take the same precautions surrounding the election as you should with everything else — think twice before clicking a link. And he says voters should check that their election information comes from trusted sources — not just about the candidates, but about where to vote and the deadline to register. In Indiana, that deadline is October 5, the day before early voting begins in some counties.Former Indiana Senator Dan Coats (R), who served as President Trump’s director of national intelligence, called last week for a top-level bipartisan commission to oversee the election, ensuring it’s conducted fairly and investigating allegations of wrongdoing. Former Indiana Senator Evan Bayh (D) applauds Coats’ proposal, and says a commitment to election security should cross party lines. He notes the recent Senate Intelligence Committee report documenting Russian attempts to meddle in the 2016 elections, and F-B-I warnings that it’s doing so again. How foreign hackers could affect the November election Twitter Pinterest WhatsApp Facebook Google+ Twitter Facebook Pinterest WhatsApp Previous articleMandatory face mask order remains in effect in IndianaNext articleTwo people killed in crash on State Road 15 in Kosciusko County Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney.last_img read more


first_imgMembers of the Notre Dame community joined with Saint Mary’s in Take Back the Night on Thursday evening to break the silence surrounding the violence of rape and sexual assault. Amanda Downey, assistant director for Educational Initiatives at the Gender Relations Center (GRC), said the goal of Take Back the Night (TBTN) is for survivors and allies to publicly stand against all forms of sexual violence. “Men and women break the silence surrounding this violence with voices of prayer, chanting and the sharing of stories,” she said. TBTN began in Philadelphia in 1975 as a way for communities to unite against abuse, sexual assault and rape. Since then, the event has spread to thousands of universities, crisis centers and cities around the country, Downey said. Downey said Notre Dame began supporting the cause with its own TBTN several years ago. This year, the GRC worked with Men Against Violence, the Core Council and the Belles Against Violence Office at Saint Mary’s. “We have worked collaboratively since the early stages of planning,” she said. “Students and staff from both campuses worked together to plan and implement the program.” The cooperation across campuses mirrored the night’s effort of promoting solidarity among women and community members, she said. “We are all united in voices of hope and prayer that this violence will not be tolerated, and that those who have been hurt will someday find peace and healing,” Downey said. “It is important to create a survivor-friendly environment.” The night began with a group walk from Saint Mary’s Lake Marian to the Grotto for a candlelight vigil. A campus march followed the vigil and led to Holy Cross Hill, where members of the Notre Dame and Saint Mary’s communities shared their experiences in a “Speak Out” session. “I [was] really looking forward to the prayer service at the Grotto. It was a moving and beautiful event,” Downey said. “During the ‘Speak Out’ portion of the event, survivors felt empowered by sharing their own journey of healing, or by listening to the stories of others.” Downey said survivors of sexual assault witnessed the outpouring of support from the community at TBTN. She said friends, family and community members were also impacted by the events and shared stories. “The hope for this type of program is always to raise awareness and to create a safe space for survivors and friends,” Downey said. “There are a lot of people on campus who care and want to help.” For more information about on-campus support, visit the Committee on Sexual Assault Prevention’s website at www.csap.nd.edu.last_img read more


first_img View Comments Jamie Brewer(Photo: Alberto E. Rodriguez/Getty Images) American Horror Story alum Jamie Brewer will make her New York stage debut in the world premiere of Lindsey Ferrentino’s Amy and the Orphans. The previously announced off-Broadway production from Roundabout will begin performances on February 1, 2018 at the Laura Pels Theatre in the Harold and Miriam Steinberg Center for Theatre.The play follows Amy, a woman with Down syndrome who reunites with her two siblings following the death of their father. As they navigate the Long Island Expressway, the three finally confront the moment that changed their lives.Brewer made her television debut as Addie in the first season of American Horror Story; she went on to appear in the subsequent Coven and Freak Show seasons. She is also an activist for several non-profit organizations aimed to help people with intellectual developmental disabilities. In 2015, Brewer became the first woman with Down syndrome to walk the runway at New York Fashion Week.The Scott Ellis-helmed production will open officially on March 1, 2018 and run through April 22.last_img read more


first_imgLazard: Renewables at an ‘inflection point,’ with new solar, wind cheaper than existing coal FacebookTwitterLinkedInEmailPrint分享Engineering News:A new US study comparing the costs of energy from various generation technologies indicates that an “inflection point” has been reached where, in some cases, it is more cost effective to build and operate new renewable-energy projects than to maintain existing conventional generation plants.The finding is contained in Lazard’s latest ‘Levelized Cost of Energy (LCOE) Analysis’, which the financial advisory firm compiles yearly. The report has been released together with the company’s latest ‘Levelized Cost of Storage Analysis’, which points to significant cost declines across most use cases and technologies.The analysis shows that the cost of generating electricity from utility-scale solar photovoltaic (PV) and onshore wind continued to decline last year, with solar PV decreasing by 13% and onshore wind by almost 7%. Decreases since 2009 are more dramatic, with the mean unsubsidised LCOE for solar PV falling 88% and onshore wind decreasing by 69% over the nine years surveyed by Lazard in the report.The analysis shows the “low-end” levelised cost of onshore wind-generated energy to be $29/MWh, below the average illustrative marginal cost of $36/MWh for coal in the US. The levelised cost of utility-scale solar, meanwhile, is stated to be nearly identical to the illustrative marginal cost of coal.“Although diversified energy resources are still required for a modern grid, we have reached an inflection point where, in some cases, it is more cost effective to build and operate new alternative energy projects than to maintain existing conventional generation plants,” Lazard power, energy and infrastructure group head George Bilicic says in a statement. “As alternative energy costs continue to decline, storage remains the key to solving the problem of intermittency and we are beginning to see a clearer path forward for economic viability in storage technologies,” Bilicic adds.The Lazard findings are significant for the US, with the calculations pointing to the possible further early retirements of coal-fired plants, notwithstanding President Donald Trump’s campaign promise to revive the coal industry.More: Lazard says ‘inflection point’ reached making new renewables cheaper than existing coallast_img read more


first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York More than a dozen protestors rallied outside New York State Senate Majority Leader Dean Skelos’ district office in Rockville Centre Wednesday demanding the end to a controversial tax abatement program intended to foster affordable housing that instead also benefits some of the ultra-wealthy.Carrying signs and shouting chants including “Help Homeowners, Not Millionaires!” demonstrators held a press conference on the sidewalk, voicing grievances ranging from multi-million-dollar savings for billionaire tenants of an uber-posh penthouse tower in Manhattan to the exorbitant property taxes paid by low- and middle-income families across Nassau and the state.“He’s got his priorities screwed up,” slammed Hempstead resident and Long Island Chapter President of nonprofit New York Communities for Change Diane Goins, of the 16-term lawmaker. “We’re here to change his mind.”Known as the 421-A program, the scheme grants property tax exemptions for developers if construction of multi-family residential buildings affects their property values, with varying benefits based on location, property use and affordable housing requirements. It’s designed to incentivize more affordable housing development in New York City, yet has come under fire in recent months and weeks, with critics citing massive tax breaks for wealthy developers, luxury condominium owners and deep-pocketed political campaign donors, financed on the backs of the very taxpayers the program was originally intended to assist.Case in point: One57, a 75-story luxury skyscraper on West 57th Street—one of several comprising a stretch known as “Billionaires’ Row.” Units at the monolithic glass-walled spire with breathtaking penthouse views of Central Park sell for tens of millions of dollars; the prime minister of Qatar dropped a reported $100 million for a single penthouse last month and set a New York City record. Yet the building’s developer, Extell Development Company, was granted equally monolithic tax breaks under the 421-A abatement program—at least $35 million worth, according to reports—and prompting an investigation into the arrangement by U.S. Attorney Preet Bharara, according to the New York Post.“Right now 421-A is servicing billionaires and millionaires,” lamented Dennis Jones, of Hempstead, toting a homemade poster reading “Long Island Property Taxes” featuring a large frowny face emoticon. “We are now on Long Island considered the most expensive place to live in the country,” he explained, adding that he pays $16,000 in property taxes.“Help homeowners, not millionaires!” he shouted.Aida Rowe, another Hempstead resident protesting outside Skelos’ office, told news crews she forks over $14,000 in annual property taxes and said demonstrators were there to persuade the Republican lawmaker “not support 421-A when it comes up for reevaluation” in June.“We must speak out,” she contended. “Our taxes on Long Island, in Nassau Country, are exorbitant.”Protestors rallied outside NYS Majority Leader Dean Skelos’ district office in Rockville Centre Feb. 25, 2015 against 421-A tax incentives doled out to wealthy hedge fund tycoons and CEOs. (Long Island Press/Christopher Twarowski)Goins, Jones, Rowe and their dozen or so fellow demonstrators aren’t alone in decrying abuses of the program. In November 2014 state Attorney General Eric Schneiderman announced settlement agreements with a New York City landlord and three developers as part of an ongoing investigation by his office targeting such improprieties. Perversion of 421-A by elected officials is also predominant allegation in the U.S. government’s criminal complaint against disgraced former State Assembly Leader Sheldon Silver (D-Manhattan)—who was arrested on federal corruption charges on Jan. 22.An investigative report released Tuesday by The Hedge Clippers—a project supported by the Strong Economy for All Coalition, an alliance of community groups and labor unions working to fight income inequality—discovered, among other revelations, that while low- and middle-income residents are forced to dole out hefty property tax bills in counties across the state, the wealthy tenants of One57 enjoy a 95-percent tax slash.“How much of a subsidy are One57 residents getting?” asks the group on its website HedgeClippers.org.“So far, more than one billion dollars of condos have sold at One57, with the average sale price of $26.1 million. Yet the average owner will pay a mere $5,230 in property taxes this year. In total, the forty-four identified sales [as of 2/18/15] will pay a combined $230,138 in property taxes, saving a collective $4,774,029 from the 421a abatement, for this year alone.”“And all that is before taking into account how massively under-assessed these condos are,” the Hedge Clipper report continues. “The average One57 condo has an estimated market value of just 8.73% of its sale price. That means that the 4,483 square foot condo purchased by a shadowy Hong Kong front company for $30mn has an estimated property value of only $2,177,857. Over the life of the 421a exemption, New York tax payers will lose out on an estimated $35 million.”For comparison, if the very same tax credits enjoyed by One57’s tenants were extended to a family living in a $400,000 home on the South Shore of Long Island, the group calculates its new 421-A tax rate would be $430. The estimated $35 million subsidy for these billionaires, suggests HedgeClippers.org, could instead pay 458 public school teachers’ salaries, fund a year of universal pre-K for 3,418 New York City children, or even house 930 homeless families in New York City for one year.The group identifies some of One57’s “super wealthy” tenants as billionaire hedge fund barons, CEOs and healthcare specialists. It also discovered that 421-A developers who received incentives were big campaign donors to politicians with sway as to which projects and developers get the abatements—contributing $2.98 million to state races since 2008, according to HedgeClippers.org—“including $295,000 directly to Andrew Cuomo. Extell Development, who built One57, contributed $100,000 directly to Cuomo on the very day that the tax breaks were announced,” the group states.It’s revelations such as these that get protestors Phyllis Pruitt and Paul Merkelson’s blood boiling.“Stop taking advantage of me!” blasted Pruitt, also of Hempstead, outside Skelos’ office. She said she pays $17,900 in property taxes.“We should be able to use tax money to build affordable housing, not luxury housing,” slammed Port Washington resident and father of two Merkelson. “The housing situation here is in crisis.”With media cameras in tow, they and others marched into the majority leader’s office to sufficiently express and relay their demands, flooding its narrow adjacent hallway and attracting the presence of several Rockville Centre police officers.Skelos was not on the premises, a visibly shaken aide told them, declining a formal comment.“I will pass along your messages to the senator,” he repeated to each appeal.“We’ll be back,” Goins promised on the way out.last_img read more


first_imgA new survey has found Brisbane market uncertainty is turning home buyers off. Photo: Glenn Hunt/Getty ImagesMARKET uncertainty is spooking would-be home buyers in Brisbane, with a new survey finding most people would put off purchasing a property for at least another two years.Place Advisory’s annual Investor Sentiment Survey for 2017 has found more than half (51 per cent) of respondents believe the Brisbane property market has suffered in the past 12 months compared to only 42 per cent the year before.Place Advisory director Lachlan Walker said there had been a significant change in sentiment considering 71 per cent of people believed the market was improving four years ago.“The biggest hurdle to buying property at the moment is market uncertainty,” Mr Walker said.“If we had some jobs growth and positivity in the economic market, we’d see the property market performing better.“That’s what’s holding people back.”Place Advisory survey finds more than half of respondents believe the Brisbane property market has suffered in the past 12 months.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREThe survey found 27 per cent of people would put off buying a home for two years, while 17 per cent would wait five years.Mr Walker said it was also a reflection of the recent oversupply concerns and the slowdown in the inner Brisbane apartment market.“A couple of years ago there was a lot of focus on apartment living and people have pulled away from that a little bit,” he said.The survey of 500 potential property buyers found the majority of people looking to buy in Brisbane wanted a three bedroom home in the city’s middle ring, close to public transport and amenities.Place Advisory director Lachlan Walker.The survey found proximity to public transport and retail and entertainment were the biggest factors, followed by school zones, parks and walkways and employment opportunities.Almost 40 per cent of people would prefer to buy in Brisbane’s middle ring suburbs and nearly half of respondents wanted three or more bedrooms.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoThe key to a Brisbane price boomMore homes at risk of defaultWow, these views are impressiveMr Walker said the latest survey showed people were more willing to make sacrifices to get into the property market than in previous years by finding opportunities to buy in suburbs that were located further from the CBD.“It’s probably reflective of the wider sentiment out there that people are willing to move a little bit further out if it’s more affordable and as long as it has access to amenities,” he said.The survey also found almost one third of property investors expected to achieve unrealistic capital growth.New survey finds people are more willing to make sacrifices to get into the Brisbane property market. Photo: Glenn Hunt/Getty Images.While the majority of investors expect to achieve between 4 and 6 per cent capital growth, 28 per cent expect to achieve above 8 per cent growth on their investment.CoreLogic head of research Cameron Kusher agrees jobs growth is holding Brisbane’s housing market back.“I think that’s still the big drag on Brisbane,” Mr Kusher said.“We’ve been thinking for a number of years that Brisbane is the next market to take off, and certainly others have as well, but I think the big missing ingredient ultimately has been that strength in the jobs market.”But the news isn’t all doom and gloom.Mr Walker was keen to point out there were still active buyers in the Brisbane housing market.“There’s definitely money in the market,” he said.“People have got the ability to buy, but they’re looking for value, which is a good thing.”Follow Liz Tilley on Twitter @liztilley84last_img read more


first_imgUS carrier Matson reported a net income of USD 34.1 million for the third quarter of 2017, up from USD 25.3 million posted in the same period a year earlier.Consolidated revenue for the third quarter 2017 was USD 543.9 million compared with USD 500.4 million reported for the third quarter of 2016.For the nine months ended September 30, 2017, Matson reported net income of USD 65.1 million, also up from USD 61.4 million booked in 2016. Consolidated revenue for the nine-month period was USD 1,530.8 million, compared with USD 1,422.3 million in 2016. “Matson achieved better-than-expected third quarter results due to stronger demand for our expedited China service, stronger southbound volume in Alaska, the timing of fuel surcharge collections, and higher lift volumes at SSAT. These positive contributors were somewhat moderated by lower volume in Hawaii and continued competitive pressure in Guam,” Matt Cox, Matson’s Chairman and Chief Executive Officer, commented.“Stronger performance year-to-date in China, Alaska, and SSAT have more than offset the negative trends this year in Guam and more recently with lower construction-related cargo in Hawaii.  Overall, we expect our businesses to continue to perform well during the fourth quarter, and due to our stronger-than-expected third quarter results we are raising our outlook for full-year EBITDA to modestly exceed last year’s EBITDA of USD 290 million,” Cox added.However, the company expects full year 2017 Ocean Transportation operating income to be lower than the USD 142.7 million achieved in 2016.last_img read more