‘Don’t blame buy-to-let landlords for first time buyer problems’

first_imgLandlords play a much less significant role in competing with first time buyers than politicians and consumers think, it has been claimed.The National Landlords Association says access to affordable finance and the huge deposits many first time buyers must now scrape together are far more important than competition for properties from landlords.“Everyone seems to have a gut instinct about the extent to which they feel landlords and first time buyers compete for homes in the UK, but homeownership is a highly emotive issue so the facts are often overlooked,” says the NLA’s CEO Richard Lambert (pictured).The comments were made yesterday as the NLA revealed that letting agents could soon see 380,000 properties removed from the private rental market as the government’s buy-to-let tax crackdown continues.It reckons a tsunami of landlords offloading buy-to-let properties is about to hit the sector as 19% of all the landlords it canvassed said they were intending to sell up this year.First time buyersBut the research has a silver lining. The NLA reckons nearly half of the properties being sold by landlords will be ideal for first-time buyers because 45% of landlords planning to sell up own apartments.This will be welcome news within government circles – several housing ministers have said the recent tax relief reductions were designed to help increase property supply for first time buyers and help reduce prices.“These findings sound like positive news for potential new home-owners, but the reality is not everyone wants, or is in a position financially, to buy,” says Lambert.“In fact, if all these homes are sold as planned then it will lead to a significant fall in the supply of property available to those who choose to rent, or have no other option but to rent”.Read more about buy to let. NLA Richard Lambert National Landlords Association private rental sectors buy-to-let first-time buyers May 17, 2018Nigel 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 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 » Housing Market » ‘Don’t blame buy-to-let landlords for first time buyer problems’ previous nextHousing Market‘Don’t blame buy-to-let landlords for first time buyer problems’NLA fights back against politicians who blame property investors for lack of supply and high prices for FTBs.Nigel Lewis17th May 20180792 Viewslast_img read more

Student renters happier in purpose-built accommodation, says new report

first_imgHome » News » Housing Market » Student renters happier in purpose-built accommodation, says new report previous nextHousing MarketStudent renters happier in purpose-built accommodation, says new reportReport reveals how students who can afford ‘PBSA’ accommodation during their first year then find it harder to enter the often shabbier traditional market.Nigel Lewis3rd January 20200807 Views Have you ever heard of a ‘twodio’ or a ‘cluster flat’? Then you need to brush up on the latest lingo coming out of the newbuild student renters market.The two terms – the former being a two-bedroom flat with shared bathroom and cooking facilities and the latter a larger apartment with en-suite bedrooms and shared kitchen – are the latest kind of property being built to lure students into upmarket student digs.It’s all within a new report from Knight Frank, which has surveyed some 60,000 students in partnerships with admissions body UCAS.As well as highlighting the two new types of property, the report highlights how ‘purpose built student accommodation’ or PBSA blocks are becoming increasingly popular with students, and in particular foreign students.This includes both second and third-year undergraduates, more of whom are staying in the shinier and more fashionable PBSA apartments rather than decamping to lower-quality traditional properties.30% more expensiveBut this kind of accommodation is expensive. The Knight Frank reports shows that, on average, students living in private PBSA are paying £7,990 a year in rent on average, 30% higher than students living in privately rented house shares.“Overall, it is encouraging to see that the survey shows high levels of student satisfaction within the PBSA market, more so in fact than the alternatives available in the private rental sector,” says James Pullan, Global Head of Student Property at Knight Frank.PBSA investment is expected to have totalled £3.75bn druing 2019 according to research by Cushman & Wakefield.Read more about student accommodation. James Pullan knight frank Accommodation for Students student accommodation January 3, 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 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 2021last_img read more

Siege in Bonn Square comes to an end

first_imgA protester, living in a tree in Bonn Square which was due to be chopped down, was forced to leave yesterday and has been arrested on suspicion of aggravated trespass.Gabriel Chamberlain set up his temporary “tree-house” in Bonn Square 11 days ago, but eventually left voluntarily at 11am after he ran out of food and water supplies. Last night he was in custody and it is understood that he has received some medical attention.However, his supporters still made one last-ditch attempt to save the tree by charging security fencing around the tree at around 12.30pm as the chainsaws started up. Another activist, Brian Melling, managed to climb into a council truck; he was removed but not charged.The tree was later felled, but protesters remained in the square throughout. The sycamore tree was one of four which have been cut down as part of a “face-lift” for Bonn Square. The plan is to improve CCTV surveillance and generally make the square more attractive.Activists may not have succeeded in saving this particular tree, but many maintain that they would do the same thing again if other trees were threatened.By Sian Cox-Brookerlast_img read more

Charge brought over assault

first_imgA man was charged following the sexual assault of a 20 year old woman in Cowley on 10th April. Mark Edwards, 49, is said to have approached the woman from behind as she was walking along the Cowley Road at around 2am. He is alleged to have threatened her and forced her into the alleyway where he sexually assaulted her. Edwards is due to appear in Oxford Crown Court for a Preliminary Hearing on Friday 18th April. The police were unable to confirm whether the victim was a student.last_img

Ocean City Police Activity Report Index

first_imgThe following are summaries of police activity provided by the Ocean City Police Department and published as submitted:Ocean City Police Activity Report for Jan. 4 to 10Ocean City Police Activity Report for Dec. 28 to Jan. 3Ocean City Police Activity Report for Dec. 21 to 27Ocean City Police Activity Report for Dec. 14 to 20Ocean City Police Activity Report for Dec. 7 to 13Ocean City Police Activity Report for Nov. 30 to Dec. 6Ocean City Police Activity Report for Nov. 23 to 29Ocean City Police Activity Report for Nov. 16 to 22Ocean City Police Activity Report for Nov. 9 to 15Ocean City Police Activity Report for Nov. 2 to 8Ocean City Police Activity Report for Oct. 26 to Nov. 1Ocean City Police Activity Report for Oct. 19 to 25Ocean City Police Activity Report for Oct. 12 to 18Ocean City Police Activity Report for Oct. 5 to 11Ocean City Police Activity Report for Sept. 28 to Oct. 4Ocean City Police Activity Report for Sept. 21 to 27Ocean City Police Activity Report: Sept. 14 to 20Ocean City Police Activity Report: Sept. 7 to 13Ocean City Police Activity Report: Aug. 31 to Sept. 6Ocean City Police Activity Report: August 24 to 30Ocean City Police Activity Report: August 17 to 23Ocean City Police Activity Report: August 10 to 16Ocean City Police Activity Report for August 3 to 9Ocean City Police Activity Report for July 27 to August 2Ocean City Police Activity Report for July 20 to 26Ocean City Police Activity Report for July 13 to 19Ocean City Police Activity Report for July 6 to 12Ocean City Police Activity Report for June 29 to July 5Ocean City Police Activity Report for June 22 to 28Ocean City Police Activity Report for June 15 to 21Ocean City Police Activity Report for June 8 to 14Ocean City Police Activity Report for June 1 to 7 Ocean City Police Departmentlast_img read more

Elkhart details Halloween plan, safety recommendations

first_img Pinterest Facebook Facebook Pinterest Google+ By Tommie Lee – September 30, 2020 0 456 CoronavirusIndianaLocalNewsSouth Bend Market Twitter (AP Photo/Dan Goodman, FILE) Elkhart has announced their trick or treat guidelines for Halloween night.The City says trick or treat hours will be from 6 to 8 p.m. on Saturday, October 31.Kids are encouraged to travel in family groups and incorporate cloth masks into their costumes. The city reminds parents that a costume mask is NOT an appropriate protective mask to defend a child from the coronavirus.The city says there have been spikes in Elkhart’s positivity rate after other holidays where people let their guard down.Some additional tips from the mayor’s office:– Carry a flashlight or other luminous items like glow sticks or reflective clothing– Those passing out treats are asked to not allow trick-or-treaters to reach into the communal container, but rather pass out treats wearing gloves or with frequent sanitizing– Those passing out treats, please consider preparing goodie bags for individual trick-or-treaters to grab– For Trick-or-Treaters, please don’t eat your candy until you’ve had the change to thoroughly wash your handsYou can find Trick or Treat suggestions from the CDC by clicking here. Twitter Elkhart details Halloween plan, safety recommendations WhatsApp Google+ WhatsApp Previous articleMiddlebury schools prepare to end virtual learning for K-5Next articleDr. Kristina Box updates Indiana’s fight against COVID-19 Tommie Leelast_img read more

Designing Process: Creating long-term replicable community building solutions in Port-au-Prince, Haiti

first_imgThe earthquake of January 12, 2010 turned the already critical shortage of housing in Haiti into a brutal crisis. A year and a half later, 80% of the rubble has yet to be cleared, and an estimated 680,000 residents still live in tent camps. Because of this precarious situation, political leaders are pushing hard for housing solutions, which has created three potentially drastic situations: first, building houses first without consideration for ecological forces of soil and water systems on a site puts any new community in danger; second, without understanding long-term infrastructural requirements, new communities will find themselves without basic provisions; and third, without building livelihoods, job opportunities, and job training, new communities will foster social unrest.It is clear that sustainable long-term urbanization of the Port-au-Prince region cannot be created through the construction of houses alone.In January 2011, a multidisciplinary team of designers and planners led by Christian Werthmann, associate professor of landscape architecture at Harvard Graduate School of Design, and Phil Thompson, professor of urban politics and planning at MIT School of Architecture and Planning, were charged by Deutsche Bank and the Clinton Foundation with the development of a small 125 unit Exemplar community at the outskirts of Port au Prince, in the small suburb of Zoranje. The goal: to create a replicable model and process for resettling earthquake refugees. In the face of 680,000 homes needed for earthquake refugees across the region, the research team substantially increased their scope and scale of study, successfully proposing to their funders that, in order to achieve successful, sustainable, community development, a series of core principles must be enacted before the construction of houses. Read Full Storylast_img read more

A milestone for juniors

first_imgAs she welcomed the parents of the Class of 2014 in Sanders Theatre last weekend, Harvard President Drew Faust spoke of the importance of something that people may strive to avoid: the risk of failure.Faust recalled her 2010 convocation to the class, in which she had encouraged students to “develop an idea of success that had a place in it for failure,” one that would enable students to take risks, stretch themselves and their perceptions of the world, and understand better what they don’t know.During their time at Harvard, Faust said, “I hope that your children’s ‘yes’ moments have been tempered by some ‘no’ moments, and that they appreciate the benefits of sometimes feeling out of their element. And if they haven’t, don’t worry: They’ve got 14 months left,” she added, eliciting laughter from the audience.More than 1,320 parents and family members were on campus for Junior Parents Weekend 2013. Sponsored by the Office of Student Life, the two-day event included a wealth of Harvard programming for visiting parents, ranging from a five-mile run for juniors and family members on Saturday morning to open-house events all across campus.Doug Walo, manager of the Student Organization Center at Hilles and Student Life Events, said he looks forward to Junior Parents Weekend every year because it is such an “enthusiastic and celebratory event.”“Students, particularly the Crimson Key Society, are integral to the planning and execution of the weekend, and it comes at a point in students’ college experience when they tend to be most involved,” Walo said. “It’s one of the greatest opportunities for parents to see their children at a real high point of their Harvard experience, demonstrating leadership and connecting with faculty, tutors, and peers.”Faust’s encouragement to value adaptability and flexibility echoed in faculty presentations on Saturday, when hundreds of family members packed Harvard classrooms to hear them speak. More than 200 parents attended a lecture by Richard Wrangham, Ruth B. Moore Professor of Biological Anthropology, on “How Cooking Made Us Human.”During his presentation, Wrangham suggested that our ancient ancestors valued fire for its protection from predators, and mused that a serendipitous accident of food falling into the fire may have led to a direct change in human physiology. Cooked meat requires less energy for digestion, and provides greater energy than raw food does. When cooking became a central part of our ancestors’ lives, he said, they began a physiological shift that is still happening.Other parents chose to explore Harvard’s grounds. Some followed in their children’s steps through Widener Library, getting an up-close look at Harvard’s Gutenberg Bible during a special tour. Research librarians shared how the libraries supported student needs, while specialists from several libraries answered questions about collections.“The libraries play an integral role in supporting students’ research and learning,” said Laura Farwell Blake, head of services for academic programs, who helped welcome parents to Widener. “Parents are deeply engaged in their children’s education, so it’s important for us to give them a full view into their child’s scholarship.”By bringing in library experts, Blake said, parents had the opportunity to both experience Harvard’s resources and “explore the jewels that are the libraries.”In her closing remarks, Faust reminded parents and juniors that their time to explore Harvard is winding down, as commencement is less than 500 days away. She counseled juniors to use each day wisely and to continue to stretch themselves.“Take the opportunity to break free from familiar patterns,” Faust suggested. “Take a chance on an idea or an ideal. Be thankful for ‘yes,’ but be open to ‘no.’”last_img read more

Jenkins defends Laetare Medal decision

first_imgUniversity President Fr. John Jenkins defended his decision to award the Laetare Medal to Vice President Joe Biden and former Speaker of the House John Boehner in an interview with the Observer on Tuesday, his first comments since the University announced this year’s recipients in a press release on March 5.Olivia Mikkelsen The decision sparked a controversy — on campus and on a national scale — and has received both criticism and support from various members of the Notre Dame community.“I don’t think controversies are necessarily a bad thing if they lead us to have serious conversations, to think deeply about issues,” Jenkins said in the interview.The Laetare Medal is awarded to an American Catholic at Notre Dame’s Commencement each year in recognition of outstanding service to the Church and society. The award honors Catholics in all different fields; recent recipients include singer Aaron Neville, biologist Kenneth Miller and poet Dana Gloria.The decision to honor two Catholic politicians was not a timely one in light of the upcoming election, Jenkins said, but instead meant to recognize Biden and Boehner’s many years of service to the country as their political careers begin to wind down.“We’re not endorsing the active politicians who are going to have a campaign,” he said. “But I thought it was an opportunity to recognize people who had risen to the very highest level of political leadership. For their dedication to public service, their willingness to work with others for the common good, we recognize them with the Laetare.”Jenkins said the decision to award the medal to two members of different political parties was to avoid any perception of the University endorsing one or the other.“I said before, and I’ll say it again, this award does not endorse the particular positions of either person,” he said. “… I think it’s significant these two men, despite being of different parties disagreeing on so much, became and remain friends.”The decision was meant to address the division and animosity present in today’s political environment, Jenkins said.“I do want, with this award, to fight against the tendency that those who disagree with us are necessarily evil or worthy only of our disdain,” he said. “We can disagree — and even disagree on significant moral issues — and still find laudable qualities in those with whom we disagree.”Each year, a committee provides recommendations to Jenkins, who is free, but not required, to select an honoree from the list of suggestions. Biden and Boehner were not on this year’s list of proposed recipients, but Jenkins chose to award the medal to the two individuals after discussing the matter with the committee, he said.In response to Jenkins’ decision, Bishop Kevin Rhoades, of the Fort Wayne-South Bend diocese, released a statement condemning the University’s choice due to Biden’s stances on abortion and same-sex marriage. Rhoades said he is concerned honoring Biden and Boehner will provoke “scandal,” as defined in the Catholic sense.“That is a somewhat technical word in Catholic thought that means that the action creates the impression that we’re sanctioning or encouraging immoral or unjust actions,” Jenkins said. “I have the greatest respect for the bishop and want to respond by explaining our intentions, in the hope that I can counter any misperceptions leading to scandal.”Multiple groups have written letters to the editor in the Observer’s Viewpoint section voicing their dissent. More than 2,700 individuals — many Notre Dame alumni — have signed a petition professing their agreement with the bishop, urging the University to reconsider the decision.Jenkins said he wants to articulate the meaning of the award and his reasons for choosing it, a lesson he learned when the University invited Obama to speak at Notre Dame’s 2009 Commencement.“What I’ve tried to do, and will try to do, is just explain clearly what we’re doing,” he said. “People can disagree; I don’t think that’s necessarily a bad thing, as long as it leaves to substantive, constructive discussion and not just acrimony.”A majority of the criticism is directed at Biden, which Jenkins said he is afraid reflects a one-sided partisan approach.“I’m certainly not saying that I support all the Vice President’s positions,” he said. “But I do find, in the record, that he took account of his Catholic faith, even while trying to make decisions on legislation — that’s often complex in a nation on issues on which the nation is deeply divided.”Ultimately, Jenkins said he thinks a public servant can exemplify what it means to be a Catholic leader, regardless of his or her political affiliation.“I think it’s important to evaluate, to take account both of that range of [Catholic] teachings and take account of the complex realities of our nation that is so deeply divided on these issues,” he said.Tags: Commencement, Fr. John Jenkins, Joe Biden, John Boehner, Laetare Medallast_img read more

Study: Falling home prices not helping many first time home buyers

first_imgIn spite of the softening real estate market, Vermonters earning the median income still could not afford the median priced home, according to a new report released today.The report, “Between a Rock and a Hard Place: Housing and Wages in Vermont,” is the latest in an annual series that tracks housing costs in relation to Vermonters’ incomes. For the last several years, Vermont’s tight housing markets have driven up prices while wages, particularly those employing the most Vermonters, have not kept pace. During the recession, even as home prices drop, opportunities for low-income and first time buyers were limited due to high fees and higher interest rates for buyers with moderate credit scores.“The real estate market was helped this year by low interest rates and a generous federal tax credit,” said Sarah Carpenter, Executive Director of Vermont Housing Finance Agency. “The problem was those low rates weren’t available to many buyers and the tax credit wasn’t available at closing to help pay for the higher down payments and fees lenders now require. Few first time buyers can save up the down payment and closing costs needed to buy a home even if the median price dropped.”Among the report’s findings:The median purchase price of a home in Vermont dropped by 5% to $190,000, the first substantial fall on record.A Vermont household would need an annual income of $57,000, and an estimated $15,000 for down payment, fees and closing costs, to afford that home.The median household income remained the same as last year, $52,000, although once inflation is factored in, Vermonters saw a 2% decrease in buying power.The average Fair Market Rent for a modest two-bedroom unit is $920 a month, and more than half of Vermont’s occupations have median wages less than the $36,800 needed to afford that rent.An additional 3,000 households become cost burdened annually, meaning more Vermonters paying more than 30% of their income for housing. The state is the 7th and 15th worst state in the nation for cost burdened renters and owners, respectively.The recession is more than many households on the edge can bear. Despite stimulus programs and increased funding, the number of people who are homeless in Vermont increased 22% since 2008 when the recession began.“Vermonters continue to need affordable housing and the state’s economy needs housing construction in order to help it emerge from this recession,” said Rob Naylor of Naylor & Breen Builders in Brandon, VT. “Our company has seen firsthand the effects of the real estate market, but because of the programs designed to fund the construction and renovation of housing for lower-income residents, we were able to keep a crew working to build the units this report clearly shows are needed. These projects have created permanently affordable housing, while also keeping my guys employed.”One family’s story illustrates the difficulty accessing both the rental and homeownership market. Janet Green, her husband and son lived in an apartment in Richmond, but were commuting to work in Burlington. “The commuting had become a lot for us, and we wanted to raise our son in Burlington so we started looking for a place to rent. But it was so expensive!” In May 2009 they decided to attend a homebuyer education workshop to see if homeownership was an option. It was, through the Champlain Housing Trust’s shared equity program, and after searching for a number of months, they bought a condo in Burlington and moved in on Halloween.“We could never have bought a home on the open market — even renting seemed to stretch our budget. But with CHT’s program, we were fortunate to be able to do it,” added Green.Source: VHFA. 6.15.2010. Copies of the new report are available online at the VHFA website, www.vhfa.org.-30-(link is external)last_img read more