First-time buyers make up nearly half of all mortgages

first_imgFirst-time buyers in this country now account for almost half of all homes purchased with a mortgage, a rise of 38 per cent since 2011, owed in part to a surge in first-time buyer mortgage deals, new research shows.The study from the Halifax revealed that first-time buyers make up 47 per cent of all mortgage-aided acquisitions, while the deposit that they have to pay has increased by 6 per cent over the past 12 months to an average of £29,894, reflecting a general rise in property prices over the past year. The average first-time deposit is now 82 per cent or £13,494 higher than in 2007.Overall there were an estimated 139,500 first-time buyers in the first six months of this year, down 7 per cent year-on-year, but while this is the first annual decrease on this basis since the first half of 2011, it is still the highest total for the first six months of the year since 2007.Craig McKinlay (left), Halifax Mortgages Director, said, “There was a modest decline in the number of first time buyers in the first half of the year following the substantial increases recorded in 2013 and 2014. This fall has been in line with the general softening in market activity.“However, there are now signs of a pick-up in mortgage activity as the economy continues to recover and mortgage interest rates remain at very low levels. These factors could boost the number of first-time buyers during the second half of the year.”The number of first-time buyer mortgage products now available has soared to its highest level since 2007, with the number of 90 per cent and 95 per cent loan-to-value (LTV) mortgages now totalling 723 products.“This marks a 73 per cent increase on five years ago, when buyers with small deposits only had the choice of 194 products,” said Charlotte Nelson (right), Finance Expert at added, “Surprisingly, Help-to-Buy doesn’t account for all of these new products, but with the number of deals totalling 437 before the scheme was launched, it is clear that H2B acted as a catalyst for banks and building societies to get in on the act.”With mortgage competition fierce, the average rates for 95 per cent LTV deals have dropped to the lowest on record, with the average two-year fixed rate now standing at 4.47 per cent.“The boost in numbers and the lower rates suggest that lenders are finally recognising the importance of first-time buyers, who have often been considered the life-blood of the housing market,” Nelson added.Halifax mortgages Charlotte Nelson Craig McKinlay first-time buyers July 8, 2015The NegotiatorWhat’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 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 Letting agent fined £11,500 over unlicensed rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 Home » News » Housing Market » First-time buyers make up nearly half of all mortgages previous nextHousing MarketFirst-time buyers make up nearly half of all mortgagesThe average first-time deposit is now 82 per cent or £13,494 higher than in 2007.The Negotiator8th July 20150694 Viewslast_img read more

Royal Navy Trains in Port of Milford Haven, UK

first_img View post tag: Royal View post tag: Navy View post tag: Haven View post tag: port Royal Navy Trains in Port of Milford Haven, UK View post tag: Naval View post tag: News by topic View post tag: Defence View post tag: Milford Royal Navy Reservists began arriving in Pembrokeshire from all over the UK to take part in a major exercise in the Milford Haven area.Exercise Cambrian Trader, which runs from Wednesday September 18 to Sunday September 22, is designed to train the Navy’s Maritime Trade Operations specialists and prepare them for deployment in support of the Royal Navy anywhere in the world.The Royal Navy will also have HMS Mersey, a fisheries protection vessel, in port, as well as a specialist diving unit from Devonport and a team of hydrographic surveyors. Participants in the exercise will be working through a series of tasks designed to replicate what the Royal Navy could do to support a commercial port and sustain safe commercial operations.This includes diving on wrecks, surveying for safe anchorages, briefing merchant shipping on safety and security, and escorting merchant shipping into and out of port.Together with Dyfed Powys Police, the Port of Milford Haven and members of the Army Reserve, the exercise will involve well over a hundred people, yet it will be almost unseen by the public because so much of the activity is waterborne, or at the Port’s Headquarters.Maritime Trade Operations are the link between merchant shipping and the military, supporting the free and safe passage of legitimate shipping in trouble spots around the world. With over 90% of world trade transported by sea, this is an essential part of a whole range of capabilities which the Royal Navy deploys to provide security at sea and protect our economic lifelines.Commander Simon Cottam, who leads the Navy’s Maritime Trade Operations specialisation, said:“This is a big event in our calendar and Milford Haven is a great location, with the kind of high value shipping we could find ourselves liaising with in the Gulf, or in counter-piracy operations off East Africa.”The Port of Milford Haven will be supporting the exercise throughout, including hosting a temporary operations room, set up for the duration of the exercise.Bill Hirst, Harbourmaster at the Port of Milford Haven, said:“As the third largest Port in the UK safely handling 29% of Britain’s seaborne trade in oil and gas, Milford Haven provides a great base for those wanting to understand how a busy commercial port operates.“Opportunities to exercise with the Royal Navy are rare and therefore we are pleased that they have chosen Milford Haven and are keen to support them.”[mappress]Press Release, September 19, 2013; Image: Royal Navycenter_img Training & Education Share this article View post tag: of View post tag: Trains Back to overview,Home naval-today Royal Navy Trains in Port of Milford Haven, UK View post tag: Defense View post tag: UK September 19, 2013last_img read more

Sikorsky to Produce New Combat Rescue Helicopters

first_img View post tag: News by topic View post tag: New View post tag: produce July 1, 2014 View post tag: Navy View post tag: Naval View post tag: americas View post tag: Combat Sikorsky to Produce New Combat Rescue Helicopters The award of an estimated $1.28 billion Engineering & Manufacturing Development (EMD) contract includes development and integration of the rescue mission systems; delivery of four Combat Rescue Helicopters; as well as seven aircrew and maintainer training systems. Initial training of Air Force aircrew and maintainers and five Combat Rescue Helicopters are also expected to be delivered by 2020, once additional aircraft and training options are exercised. This contract is the first step in the eventual production and fielding of up to 112 aircraft with a potential value of approximately $7.9 billion. Eventual production quantities would be determined year-by-year over the life of the program, based on funding allocations set by Congress and the U.S. Department of Defense acquisition priorities.The Air Force announced in 2010 that it would replace its aging HH-60G PAVE HAWK helicopters. Sikorsky, joined by Lockheed Martin as the major subsystems supplier, offered a UH-60M derivative to replace the venerable PAVE HAWK, also made by Sikorsky, as the Air Force’s new Combat Rescue Helicopter. The aircraft features increased internal fuel capability, compared with today’s HH-60G helicopter, thereby giving the CRH-60 the required range, while increasing its internal cabin space.Like the UH-60M helicopter, the aircraft will feature T700-GE-701D engines, composite wide-chord main rotor blades, and fatigue- and corrosion-resistant machined aero-structures to sustain maneuverability at high density altitudes.Sikorsky has produced more than 700 H-60M BLACK HAWK helicopters for the U.S. government and militaries worldwide, since production aircraft deliveries began in 2007.[mappress]Press Release, July 01, 2014; Image: Sikorsky Aircraft Sikorsky Aircraft, a subsidiary of United Technologies Corp., has been awarded a U.S. Air Force contract to develop new combat search and rescue helicopters. Sikorsky will develop a derivative of the UH-60M BLACK HAWK model for the Air Force’s rescue mission. Share this article Back to overview,Home naval-today Sikorsky to Produce New Combat Rescue Helicopters Authorities View post tag: rescue View post tag: Helicopters View post tag: Sikorsky Aircraftlast_img read more

Governor Holcomb’s Schedule for Week of April 2, 2017

first_imgThursday, April 6, 2017What: The Indiana World War I Centennial Kick-Off CeremonyHost: Indiana World War I Centennial CommitteeWhen: 12 to 1 p.m. EDT, with remarks by the governor at 12:39 p.m.Where: World War MemorialPershing Auditorium431 N. Meridian StreetIndianapolis, IN 46204 FacebookTwitterCopy LinkEmailShare Below find Indiana Governor Eric J. Holcomb’s public schedule for the week of April 2, 2017. Tuesday, April 4, 2017What: H. Kent Weldon Conference for Higher EducationHost: Indiana Commission for Higher Education (ICHE)When: 9 a.m. to 2 p.m. EDT. Q&A with Gov. Holcomb and ICHE Commissioner Teresa Lubbers at 1 p.m.Where: Indianapolis Marriott North3645 River Crossing ParkwayIndianapolis, IN  46240center_img  Thursday, April 6, 2017What: First Pitch at Indianapolis Indians Home OpenerHost: Indianapolis IndiansWhen: 6:30 p.m. to 9:30 p.m.Where: Victory Field501 W. Maryland StreetIndianapolis, IN 46225*This event is open to the media and public with tickets.last_img read more

Pies for rail travellers on Global Scouse Day

first_imgRail travellers across the UK will get a taste of Liverpool on 28 February.The entire Virgin Train network will be serving up pies, courtesy of Anfield bakery Home Baked. And apart from placing pies alongside scouse (a traditional Liverpudlian beef or lamb stew) on the menu across its UK train networks, Virgin will be also staging celebratory events at its Lime Street base.Gary Campbell from Virgin Trains said: “We’re really keen to engage with local community initiatives here in Liverpool and celebrate the city; what better way to do this than through Global Scouse Day?“We had a brilliant time taking part in last year’s celebrations and wanted to build on that success.”This will be the fourth Global Scouse Day.last_img read more

HKS’ Calestous Juma among the 100 Most Influential Africans for 2016

first_imgCalestous Juma, professor of the practice of international development at Harvard Kennedy School (HKS), has been named among the 100 Most Influential Africans for 2016 by New African magazine.Juma, whose research and writing focus on science, technology and the environment, is considered a top thought leader in relation to African agriculture and economic development. He serves as director of the Science, Technology, and Globalization Project at HKS’ Belfer Center for Science and International Affairs and faculty chair of the Mason Fellows Program.“This year, we celebrate those Africans who made an impact and made their mark in a challenging year,” wrote the magazine editors. “In compiling this year’s list, we sought the guidance of some of the most influential experts and global thought leaders in their respective fields.”“Congratulations @calestous for driving innovation in education,” tweeted the magazine editors.Juma wrote that he was surprised by the honor since he had been named to the list three previous times. “I thought they were done with me,” he said.But Juma acknowledged that the work he is doing in the field of African education will help the continent shape policies for generations to come.last_img read more

Festival celebrates Chinese New Year and culture

first_imgOn Sunday, the College’s China Night celebrated the sights, sounds and senses of the Chinese New Year.College provost and senior vice president Patricia Fleming said the free event, hosted by the Chinese Cultural Club in O’Laughlin Auditorium, featured 15 acts open to the public. The club served Chinese cuisine in the dining hall after the performances.Alice Siqin Yang, advisor for the Chinese Cultural Club, said this year’s event featured folk dances, music using traditional Chinese instruments, songs, theater and games meant to incorporate the audience into the festivities.The Chinese New Year, also known as the Spring Festival, began Jan. 31, Yang said. She said as a native Chinese person, it is one of the most important festivals she celebrates.“It is the time for family reunion, like Thanksgiving and Christmas in the United States. People away from home would try their best to go home for the holiday and for reunion,” Yang said. “It is hard for most Chinese overseas to do that. It is nice that we can celebrate the festival here, together at Saint Mary’s.“It is like a family reunion for Chinese international students and many others.”Yang said the event was a cultural learning experience for Saint Mary’s students and the South Bend community.“China Night is a show that celebrates Chinese New Year and diversity on Saint Mary’s campus,” Yang said. “It offers a platform for international cultural exchange and an opportunity for Saint Mary’s students, faculty and staff and local community people to interact and learn more about Chinese language and culture.“It is very important for all of us to learn multiple languages and diverse cultures in today’s interdependent world.”First-year student Yaqi Song, co-president of the Chinese Cultural Club, said Saint Mary’s first hosted China Night in 1967 and again in 1969 in celebration of Chinese New Year. She said the festival has been rebooted since the creation of the Chinese Cultural Club in 2008.The club and its 20 registered members held a dumpling party on Chinese New Year’s Eve of 2013 and 2014, Song said. She said the club also has coordinated with the dining hall to serve a Chinese-themed dinner near the Chinese New Year.Song said she receives support from the Chinese Friendship Association at Notre Dame, Notre Dame students and Holy Cross students.“I’m honored to be one of the co-presidents of Chinese Cultural Club because I think Chinese culture is just like any other stunning culture in the rest of this world,” she said. “They are all so beautiful.Children and Saint Mary’s students who attended the event received red envelopes as a traditional Chinese New Year’s gift, Yang said. In China, celebration of the New Year often includes the use of firecrackers at midnight and the exchange of red envelopes with monetary gifts from relatives.“The red color of the envelope symbolizes good luck and is supposed to ward off evil spirits,” Yang said.Yang has been the show’s advisor since 2008 and teaches Mandarin Chinese at the college. She also coordinates the Asian and African study-abroad programs, including the China Summer Program and the China Semester Program in Shanghai and Nanjing. Yang said she has taken Saint Mary’s students to China three times in the past few years.Yang encouraged students to study abroad in China during her presentation at China Night.“It is becoming more and more important to learn the Chinese language and culture in the interdependent global society that we live in today,” Yang said. “Saint Mary’s strives to bring together women of different nations, cultures and races so that students can have a richer educational experience.“As part of the Sophia Program, the College’s new general education program, Saint Mary’s encourages students to understand the aspects of culturally diverse environments in order to communicate more effectively across cultures.”Tags: Chinese New Yearlast_img read more

Charts of the Day: A reversal of historical fortune for coal-fired electricity

first_imgCharts of the Day: A reversal of historical fortune for coal-fired electricity FacebookTwitterLinkedInEmailPrint分享Associated Press:Coal’s share of the world’s electricity mix was about 38 percent in 1997, and in 2017 it was about … 38 percent. Fossil fuels overall have actually increased their share, from 63 percent to 65 percent. Not exactly what folks in Paris or (even further back) Kyoto had in mind.When it comes to the global energy market, though, absolute numbers do tend to shift very slowly – its sheer scale makes a supertanker look like a Ferrari. Which means it’s also important to look at what is happening on the margin. And here, there are clear signs of a shift.In any market, growth is as important as absolute scale. Any CEO telling investors their company is so big already that growth doesn’t matter would soon be in for an awkward meeting with the board. Growth is a signpost to the future – albeit not infallible – and a magnet for investment (see this for further explanation, looking at the subject of electric vehicles.)Beneath the headline numbers about the mix of global power generation, here is the mix of global power-generation growth:The most noticeable aspect is how the bars shift from being dominated by the blue and black of coal and natural gas in the years leading up to the financial crisis, to a much more changeable mix, including the rapid growth of that pink element for wind and solar power.To make that a bit clearer, the chart below shows the average annual change for the different power sources over some longer and shorter time frames. I’ve grouped coal and oil together, as well as hydropower, nuclear power and other non-wind or solar renewables, to make things a bit clearer.This isn’t just about coal; look back at that chart and note how natural gas’ share of growth in power generation has been squeezed over the past few years. Competition among fuels and technologies has intensified dramatically and is accelerating as costs for renewable sources, in particular, have fallen.Incumbency identifies history’s winners. Growth, even at a nascent stage, identifies what comes next – and attracts investment accordingly.More: Coal’s 20-Year Reign Masks a Brewing Revolutionlast_img read more

Yemen: Female Police Officers Fight Terrorism

first_img Women who serve in Yemen’s police represent a crucial element in the fight against terrorism, despite the short time that they have been in the field, according to police officials. “Female police have participated in advanced operations against terrorists that proved successful, especially carrying out house raids where terrorists were hiding and where women and children were present,” Maj. Souad Kamel told al-Shorfa. Yemen is a conservative society that views the military and police suitable for men only. Training women to serve as police officers is a necessity because terrorist organizations increasingly use women to evade investigation or searches, knowing that male police officers are less likely to suspect a female operative. “Women in a conservative society have been used as a tool by terrorists, particularly smuggling of weapons, ammunition and drugs,” she said. Maj. Kamel said female officers undertake the same tasks as male officers because crime is not specific to one sex. By Dialogo January 01, 2011last_img read more

McWatters calls for exam appeals rule

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NCUA Board Member J. Mark McWatters called for a rule that would address exam appeals.In his column in the December issue of The NCUA Report, McWatters noted that an NCUA Inspector General report said the agency received an average of six exam complaints to regional offices each year from 2007 through 2011, and during that four-year period, only two appeals were elevated to NCUA headquarters. continue reading »last_img read more