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first_imgHome » News » Housing Market » Bank of England to consult on buy-to-let ‘prudence’ Bank of England to consult on buy-to-let ‘prudence’31st March 20160633 Views The Bank of England has published a consultation paper (CP) which seeks views on its proposals which could result in strict limitations for buy-to-let mortgages.David Smith (left), the Residential Landlords Association’s Policy Director said, “The Bank needs to be careful that it does not over-react to the current surge in buy to let applications which are aiming to beat the tax increases coming in April.‘These include a three percentage points extra levy on stamp duty and abolition of mortgage interest relief. It is likely that the impact of these will significantly reduce the demand for borrowing.“We would urge the Bank to tread carefully and avoid any premature moves that could stifle the supply of the 1 million rental properties the country desperately needs.”The consultation paper says:Underwriting standards for buy-to-let mortgage contracts – CP11/16​BackgroundThis consultation paper (CP) seeks views on a supervisory statement which sets out the Prudential Regulation Authority’s (PRA’s) proposals regarding its expectations of minimum standards that firms should meet when underwriting buy-to-let mortgage contracts. The proposals also include clarification regarding application of the small and medium enterprises (SME) supporting factor on buy-to-let mortgages.Summary of proposalsThe proposals seek to ensure that firms conduct their buy-to-let business in a prudent manner. They aim to prevent a marked loosening in buy-to-let underwriting standards and to curtail inappropriate lending and the potential for excessive credit losses.The proposals to clarify expectations in relation to application of the SME supporting factor are aimed at enhancing the transparency and consistency of the PRA’s regulatory approach.The proposals also support the Financial Policy Committee’s ability to act from a macroprudential perspective.The proposals are relevant to PRA-regulated firms that undertake buy-to-let lending that is not already subject to FCA regulation. The clarification regarding the SME supporting factor is relevant for firms bound by the Capital Requirements Regulation (575/2013) (CRR).The CP proposes:i) a set of expectations for firms that underwrite UK buy-to-let mortgage contracts where the land is intended to be occupied as a dwelling on the basis of a rental agreement, in pounds sterling, regardless of whether the borrower is an individual or limited company; andii) a clarification in relation to application of the SME supporting factor on buy-to-let mortgages.Chapter 2 outlines the PRA’s proposals. Chapter 3 considers the PRA’s statutory obligations in relation to the proposals. Appendix 1 details the draft supervisory statement.The supervisory statement follows a PRA review of underwriting standards in the buy-to-let sector which covered 31 firms (c.92% of the market). This review highlighted concerns about lenders’ growth plans and how they might meet them. In particular, there is a risk that firms relax underwriting standards, thus affecting their safety and soundness. The findings suggested a need for microprudential action.ResponsesThis consultation closes on Wednesday 29 June 2016. Please address any comments or enquiries to [email protected] can download the full paper here: http://www.bankofengland.co.uk/pra/Pages/publications/cp/2016/cp1116.aspxBank of England buy-to-let buy-to-let mortgages consultation paper 2016-03-31The Negotiator Related articles 40% of tenants planning a move now that Covid has eased says Nationwide3rd May 2021 City dwellers most satisfied with where they live30th April 2021 First-time buyers, not Stamp Duty, now driving market says leading agency29th April 2021What’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.last_img read more


first_imgU E After an extensive two-year process, the University of Evansville announces that the sale of its radio broadcast frequency 91.5 to WAY-FM is complete.The University announced the sale in May 2019 and the Federal Communications Commission has approved the transaction. Effective today, programming on 91.5 will seamlessly switch to the WAY-FM broadcast.UE students will continue to have access to an array of broadcast outlets, such as ESPN3 and the Old National Bank radio network, which provide the full spectrum of experience in preparation for today’s multimedia environment. Additionally, WUEV’s audio production facilities will be integrated into the multimedia resources that UE currently has for students to develop skills that will prepare them for the current digital media environment. These resources include the Mel Peterson Video Production Lab in the newly renovated Hyde Hall. This state-of-the-art lab is complete with green screen technology and post-production editing capabilities that students began utilizing this fall.The decision to sell the station will save the University an estimated $1 million over the course of ten years, in addition to capital expense improvements. UE will retain the assets that will be impactful for its communications curriculum. The University will invest these savings into strategic initiatives to further enhance the student experience.Patrick Communications represented the University in the sale, which was first announced in May 2019, and the WUEV call letters will remain with the University of Evansville.WAY-FM is a national, nonprofit radio broadcasting network. The network currently serves the Evansville area under the 91.9 frequency and will expand upon its local service with the acquisition of 91.5.FacebookTwitterCopy LinkEmailSharelast_img read more


first_img At approximately 2:25 pm on 7/16/2017 EPD Officers received a B.O.L. (Be on the lookout) for a vehicle that was seen by citizens to be hitting guardrails and having at least one tire down to the rim. Officers located the vehicle heading west on Diamond Ave and attempted to stop the vehicle to check the driver’s welfare. The driver, later identified as 54 year old MICHAEL JONES of Tennessee stopped for a short moment and appeared to be messing with something in his lap.Michael Jones then fled the stop in his vehicle. Officers could visibly see Jones reaching in his lap area making movements. A VCSO deputy arrived to assist and deploy stop sticks and use his vehicle to shield himself so that he could safely do so. Michael Jones, who had a clear lane of travel, chose to drive his vehicle directly at the VCSO deputies’ vehicle causing a significant crash. The deputy was able to get out of the way of the collision but sustained minor injuries.EPD Officers, with the assist ance of VCSO, were able to get Jones out of the vehicle and place him under arrest. A search of his vehicle after the arrest revealed that Jones had a firearm inside the vehicle within his reach. Jones had several out of state prior felony convictions and was charged with being a felon in possession of a firearm, felony resisting law enforcement, criminal recklessness while armed with a deadly weapon, carrying a handgun with a prior conviction, and operating a motor vehicle while intoxicated.FacebookTwitterCopy LinkEmailSharelast_img read more


first_imgRide along with your favorite driver during the Kansas Lottery 300 Get RaceBuddy herelast_img


first_imgThe name of the game was funky music at the Teragram Ballroom last Friday, September 16th, as both the Greyboy Allstars and Pimps of Joytime joined forces for an outrageous display of groovy music at the exciting Los Angeles, CA club. Led by Karl Denson, the Greyboy Allstars are always a tour de force whenever they get together to perform, and the show in LA was no exception. It was hot!Greyboy mostly stuck to their original, instrumental jazz fusion grooves, though they did find time for a cover of Michael Jackson’s hit “The Way You Make Me Feel.” Fortunately, photographer Robert Chapman was on the scene to capture the show in photographs. Check out his gallery below! Load remaining imageslast_img


first_img Related Shows Following speculation, it’s been confirmed that stage and screen star Taye Diggs will take over for Darren Criss in Hedwig and the Angry Inch. Diggs will assume the role of our favorite internationally ignored song stylist at Broadway’s Belasco Theatre on July 22 for a 12-week engagement. In addition to Criss, the show currently stars Rebecca Naomi Jones, who will continue in the role of Yitzhak.Hedwig will mark Diggs’ return to Broadway after nearly 12 years, when he briefly played the role of Fiyero in Wicked opposite his wife at the time Idina Menzel (the two separated in 2013). He has appeared in Rent and Chicago (he also appeared in the screen adaptations of both), as well as Carousel and off-Broadway’s The Wild Party. His screen credits include Private Practice, How Stella Got Her Groove Back, The Best Man and Brown Sugar. He is currently in production for the second season of Steven Bochco’s crime drama Murder in the First.Written by 2015 Tony honoree John Cameron Mitchell and Stephen Trask, Hedwig and the Angry Inch tells the story of a fictional rock ‘n’ roll band, fronted by Hedwig, a transgender woman from communist East Berlin. Between rock songs, Hedwig regales the audience with stories about her life, including her botched sex change operation. Trask’s score features “Tear Me Down,” “Wig in a Box,” “Wicked Little Town,” “The Origin of Love” and “Angry Inch.” Michael Mayer directs the Tony-winning production.  View Comments Hedwig and the Angry Inch Show Closed This production ended its run on Sept. 13, 2015last_img read more


first_imgJames Davidson is a financial literacy rock star.The financial literacy program manager serves as a face of Financial Center First Credit Union in Indianapolis in a role that extends beyond the 9-to-5 work day. He works many evenings and weekends to better members’ financial lives.Davidson teaches a number of groups about financial literacy including members, business partners, and nonprofits.“Whoever asks, we go out and talk to,” Davidson tells the CUNA News Podcast. “We also offer free financial counseling for anyone that asks.”That’s part of why Davidson was named a 2017 Credit Union Rock Star by Credit Union Magazine in a special edition of the publication sponsored by Fiserv. 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more


first_imgVirus impact The world’s top five spenders, which also included Russia and Saudi Arabia, together accounted for over 60 percent of total military expenditure.According to SIPRI, other notable developments included Germany, which increased spending by 10 percent in 2019 to $49.3 billion, the largest percentage increase of all the top 15 spenders.Germany’s increased spending could in part be explained by an increased perception of threat from Russia, according to the report’s authors.While Tian noted that “military spending growth has accelerated in recent years,” he also told AFP that this trend could be reversed as a result of the new coronavirus pandemic, and its economic fallout.As the world heads for a potential global recession, Tian argued that governments will have to weigh military spending against other sectors, such as healthcare and education.  “It’s highly likely that this will really have an impact on military spending,” Tian said.Looking at the historical data, that fall in spending would however likely not last, according to Tian who recalled the financial crisis of 2008, when military spending fell in subsequent years as countries, especially in Europe, imposed austerity measures.”We could be looking at one to three years of declining spending and then an uptick again in the years to come,” Tian told AFP. Global military expenditure saw its biggest uptick in a decade in 2019, researchers said Monday, marking the first year two Asian countries were among the top three spenders. The world’s nations spent a combined $1.9 trillion (1.78 trillion euros) on their militaries in 2019, according to a report by the Stockholm International Peace Research Institute (SIPRI).Compared to 2018, that represented an annual growth of 3.6 percent, the largest spending growth since 2010. While Chinese expenditure over the past 25 years has closely followed the country’s rapid economic expansion, their investments also reflect their ambition of a “world class military”.”China has openly stated that they want to essentially compete with the US as a military superpower,” Tian said.China’s ascent also in part helped explain India’s rise.”India’s tensions and rivalry with both Pakistan and China are among the major drivers for its increased military spending,” SIPRI researcher Siemon Wezeman said in a statement. “Military spending has reached the highest point since the end of the Cold War,” Nan Tian, a researcher at SIPRI, told AFP.Driving the increase are the world’s largest spenders, headed by the US, which spent $732 billion in 2019, a 5.3 percent increase, alone accounting for 38 percent of global spending.2019 marked the second year of growth in US military spending after seven years of decline.For the first time, two Asian countries were among the top three, with China and India spending an estimated $261 billion (up 5.1 percent) and $71.1 billion (up 6.8 percent) respectively. Topics :last_img read more


first_imgThe master bedroom at 23 Collett St, Eight Mile Plains.The property has floating timber floors, feature lighting and high ceilings downstairs and a laundry chute upstairs.The home comes with CCTV colour monitor doorbell, solar hot water, solar panels, 7500-litre water tank, ducted airconditioning, Vacuumaid, and Crimsafe security screens. “The savings from the solar panels and water tank definitely add up,” Mr Liu said. The property is close to major highways, shops and schools. The floorplan of 23 Collett St, Eight Mile Plains. The kitchen at 23 Collett St, Eight Mile Plains.On the ground floor, there is a double lockup garage with internal access, a study nook, media room and open-plan living, dining and kitchen area. The streamline kitchen has an induction cooktop, stone benchtops, undermount sink and pantry.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020The dining room opens through sliding doors to the outdoor entertaining area. The living room at 23 Collett St, Eight Mile Plains.The master bedroom with walk-in wardrobe and ensuite with dual basins and separate toilet is also on the ground floor, along with a guest bedroom with built-in robe next to the downstairs bathroom, toilet and laundry. An internal staircase leads up to the remaining bedrooms. There are built-in robes to all three bedrooms and a balcony to one. There is also a rumpus room, bathroom with shower and a separate toilet upstairs. The home at 23 Collett St, Eight Mile Plains.THIS five-bedroom, two-storey home is going under the hammer in a sought-after pocket of Eight Mile Plains. Owner Jack Liu bought the property at 23 Collett St three years ago and has called it home along with his wife, daughter and in-laws ever since. “It’s a new, modern house with plenty of living space,” Mr Liu said. “It is quite family orientated and it feels quite big inside. There are plenty of bedrooms, a separate bathroom and toilet, and a great use of space.”last_img read more


first_imgDecember 4, 2018 Police Blotter120418 Decatur County Fire Report120418 Decatur County EMS Report120418 Decatur County Jail Report120418 Decatur County Law Report120418 Batesville Police Blotterlast_img

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