Government launches ‘risky’ plan to link EPCs to mortgage lending

first_imgEstate agents have reacted with caution to government proposals that would incentivise mortgage lenders to include EPCs in their lending decisions.The Department for Business, Energy and Industry Strategy (BEIS) wants to force lenders to reveal how green their mortgage portfolios are and, as a result, ‘support them to improve the average energy efficiency of the properties they finance’, the consultation document says.In practice, this means the government hopes to shame lenders into ensuring the homes they grant mortgages for meet minimum EPC standards and persuade them to offer ‘green mortgages’ to reward compliant home owners.“We need to be careful however to not financially penalise those seeking to sell their homes,” says Mark Hayward, Chief Executive of NAEA Propertymark (left).“If lenders change their lending criteria to take into account EPCs there could be unintended consequences, ultimately making older homes harder to sell.”The consultation document also suggests that the current requirement for all sales properties advertised by agents to have an EPC will be much more heavily policed in the future as the government uses EPCs as a key tool to reach its 2030 carbon neutral targets.EPCs are already a feature of the buy-to-let mortgage market; mortgage lenders are currently required to ensure properties they lend against have reached at least an ‘E’ rating.The consultation was published at the same time Boris Johnson announced the government’s Green Homes Grant it to be extended by a year to give landlords and home owners 12 months more to complete their upgrade projects.Read the consultation in full.Read more about EPC regulation.NAEA Propertymark NAEA BEIS EPCS November 19, 2020Nigel Lewis2 commentsJohn Socha, Orchard BMS Ltd Orchard BMS Ltd 19th November 2020 at 7:39 pmHMG has a time horizon of December 2023, the latest date for the next election.Do not expect any joined up thinking from politicians of any political stripe.Log in to ReplyPossession Friend, Possession Friend Possession Friend 19th November 2020 at 9:38 amI’m all for making homes ( that Has to be ALL homes, not just focusing upon and penalising just the PRS, again ) more energy efficient.Caution is needed in not going at too fast a pace.Its only this year that the requirement for All privately rented ( only ) property to be of E grade and Govt is now talking of going up to C grade in another 5 years.One has to wonder how much more energy efficient PRS property would be if the Tax allowance on energy efficiency wasn’t removed by Govt back in 2014Shows a lack of co-ordination and forward planning by Govt in regard to Housing.Tax allowances for ALL energy efficiency improvement should be reinstated, as well as subject to a cap on spending of Less, that £10 kThe Technology for energy efficiency is improving, but not as fast as the Govt targets for energy efficiency to be achieved at a proportionate cost.Better to fund more development and get more affective and financially efficient improvements 3 – 5 years later.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 » Government launches ‘risky’ plan to link EPCs to mortgage lending previous nextRegulation & LawGovernment launches ‘risky’ plan to link EPCs to mortgage lendingNAEA boss Mark Hayward says proposals to make lenders put EPCs at heart of their lending would endanger housing market.Nigel Lewis19th November 20202 Comments1,425 Viewslast_img read more

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HII gets $1.46 billion to build USS Fort Lauderdale

first_img Share this article HII gets $1.46 billion to build new amphibious transport dock View post tag: HII December 20, 2016 Authorities The U.S. Navy has awarded Huntington Ingalls Industries a $1.46 billion contract to design and build the U.S. Navy’s new amphibious transport dock Fort Lauderdale (LPD 28).USS Fort Lauderdale will be the 12th  and final ship of the U.S. Navy’s San Antonio-class of amphibious transport ships.Ingalls has built and delivered 10 ships in the class so far while the 11th, Portland (LPD 27), was launched last year and is scheduled for sea trials in mid-2017.“This contract demonstrates the confidence the Navy has in our shipbuilders’ performance in this program,” said Ingalls Shipbuilding president Brian Cuccias. “Building LPD 28 allows the entire LPD industrial base to maintain a hot production line so that our sailors and marines receive quality amphibious warships as efficiently and affordably as possible.”LPD 28 is named Fort Lauderdale to honor the Florida city’s historic ties to the U.S. Navy, which date to the 1830s and include an important naval training center during World War II.The 684-foot-long, 105-foot-wide San Antonio class ships are used to embark and land marines, their equipment and supplies ashore via air cushion or conventional landing craft and amphibious assault vehicles, augmented by helicopters or vertical takeoff and landing aircraft such as the MV-22 Osprey.center_img View post tag: San Antonio-class Back to overview,Home naval-today HII gets $1.46 billion to build new amphibious transport dock View post tag: USS Fort Lauderdale View post tag: US Navylast_img read more

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Indo-French naval exercise Varuna reaches its final phase

first_img View post tag: French Navy Photo: French submarine Perle took part in Varuna 2018. Photo: Indian Defence View post tag: Indian Navy Indian and French navies are conducting the last phase of the 2018 Varuna naval exercise in the vicinity of Reunion Island, French Embassy in New Delhi said. The third session is being held from May 1 to 7 after two successive phases.The first phase involved joint anti-submarine combat training off the Indian coast in Goa, with the participation of both the French nuclear submarine and the Indian Kalvari Scorpene-class submarine. The second phase was focused on amphibious operations off Chennai’s coast, with the French landing helicopter dock LHD Dixmude.The current exercise includes the participation of two major vessels of the Indian Navy, the destroyer INS Mumbai and the frigate INS Trikand, and the maiden deployment of a multimission maritime aircraft, P-8I Neptune. They will interact with French ships — including the frigate Nivôse — permanently deployed at Reunion Island, a French administrative department.The seven-day exercise sees the sailors simulating different scenarios, including air defense, firing, manoeuvers, asymmetric warfare and embarkation. Helicopters embarked on board navy ships are also training for touch-and-go landings.Underscoring the relevance of Varuna, the Ambassador of France to India, Alexandre Ziegler, said: “This exercise illustrates the strong interest France and India share concerning maritime security issues in this region.”The Varuna exercise is part of a long-term bilateral cooperation with India, illustrated by the regular port visits of French ships in India, and recently reinforced by the document on the Joint Strategic Vision of India-France Cooperation in the Indian Ocean Region. The document was signed during the state visit of President Emmanuel Macron on March 10, 2018.center_img Share this article View post tag: VARUNAlast_img read more

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News story: UK to lead charge in emerging maritime technology

first_img Over the last year it has been a privilege to chair the expert panel which has brought together leaders from across the sector, from other world-class industries, academia and promotional bodies, to challenge and support the development of Maritime 2050. The result is a wide ranging and hugely ambitious blueprint for Britain’s future as a maritime nation ensuring the economy continues to grow successfully into the second half of the 21st century. The recommendations published today will enable government and industry to work together to increase trade, attract investment and foster innovation across our thriving maritime sector, while progressing clean maritime growth. A new strategy launched today (24 January 2019) will set the UK as a pre-eminent global test-bed of emerging technology, enabling the country to capitalise on the economic potential of maritime innovations.The government has today set out its ambitions for the country to remain a world-leader in the maritime industry for the next 30 years.The Maritime 2050 strategy outlines a range of short, medium and long-term proposals, including developing technology, people, and infrastructure, to keep the maritime industry in the UK flourishing.These include establishing an innovation hub at a UK port by 2030, looking at ways to clean up emissions from the industry, and building on the world-class training already offered to seafarers.Transport Secretary Chris Grayling said: Aviation, Europe and technology media enquiries Media enquiries 020 7944 3021 For the first time the maritime sector has a real long term strategy – setting out what government and industry will do to position the UK as the world’s leading maritime nation over the coming decades in an increasingly competitive global context. There are monumental opportunities for our sector – whether on technology, coastal economic development, attracting more maritime business to our shores or for the people that underpin our success. The global ocean economy will double in value to $3 trillion by 2030. Competitor maritime nations are hungry for the prize, and Maritime 2050 will ensure that the UK is best-placed to capitalise. The task of turning these ambitious recommendations into reality rests on the strength of partnership between industry and government. Industry is committed to delivery. Maritime is a vital UK industry, bringing in £14 billion to our economy as well as providing thousands of new and exciting careers for people across the country. This strategy is a clear message to the world – we will continue to be a leading maritime nation for the next 30 years and beyond. We will be at the forefront of emerging technology and seafarer training and will capitalise on selling this expertise to companies across the world. New legislation will introduce a domestic framework for autonomous vessels to enhance testing in UK waters. The Maritime and Coastguard Agency is looking at what is needed to ensure the safety of these and other ships. This will set the UK as the best place to trial this technology which will then attract international business and investment, providing a boost to the economy.The UK will also pioneer the use of virtual and augmented reality in seafarer training as the government looks to establish a Maritime Skills Commission, bringing together leading experts to report in the existing and future needs of the industry – keeping it at the cutting edge of tuition.Hugh McNeal, chairman of the Maritime 2050 expert panel, said: A government-funded ‘People like me’ project will challenge the perception of the sector to attract more diverse talent. This builds on the work of the Women in Maritime taskforce, which is already working to increase the number of women employed in the industry.Harry Theochari, chairman of Maritime UK, said: Out of hours media enquiries 020 7944 4292 By 2030, the government will develop a Maritime Innovation Hub, supporting new technologies while also boosting regional productivity with new jobs. And later this year, a Clean Maritime Plan will set out ways the UK will lead the way in green standards to reach zero emission shipping as quickly as possible. Switchboard 0300 330 3000last_img read more

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SMC students ring in Chinese New Year

first_imgSaint Mary’s College rang in the Chinese New Year Thursday with a tea party, complete with paper lanterns, music and sweets. Held in the Warner Conference Room in the Student Center, the celebration featured two different types of Chinese tea, as well as snacks ranging from candies to biscuits. Alice Siqin Yang, assistant director of Global Education, said the tea party was held to raise awareness about the country, as well as to share information about study abroad programs. “I think that it’s important for students nowadays to know more about Chinese history and Chinese culture and Chinese language,” she said. During the event, students shared experiences studying abroad in China. Senior Julie Hagopian said students should consider the benefits of studying in China. “Just jump,” she said. “Just go. It’s one of the best. Financially it’s one of the best-priced trips. You still get three credits for it.” Hagopian said she had fears before her trip, but she did not regret her decision. “It’s scary going to a place that you don’t know the language,” Hagopian said. “You’re not exactly familiar with the culture or the food, but that’s the beauty of it. You just have to jump. Leave inhibitions at the door, and just go.” Hagopian said it is important to share the Chinese culture with the Saint Mary’s community. “General multicultural-ness is always important … to bring to the forefront that there are different cultures around the world,” she said. “Sometimes it’s not always represented as well in a beautiful, Midwestern, primarily white campus like our own, but reaching out makes it more clear that there are other cultures and they are just as vibrant as our own.” Yang said other events pertaining to Chinese culture would be held. On Feb. 19, the College will host the event “Chinese New Year Celebration.” The event will be held in O’Laughlin Auditorium at 7:30 p.m. It is free and open to the public. Yang said the event will have a variety of different cultural aspects to it including song, dance and kung fu.last_img read more

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Weekend Pick: Tuck Fest Outdoor Competitions and Live Music

first_imgThe second annual Tuck Fest will be taking place this weekend April 26-27 at the U.S. National Whitewater Center (USNWC) in Charlotte, N.C.The name “Tuck Fest” comes from the Tuckaseegee Ford and Trail, a historical landmark located at the USNWC. The festival features a variety of outdoor sport competitions that include trail running, kayaking, biking, climbing, stand-up paddleboarding, slacklining and adventure racing.Click here for a full schedule and list of events! There’s a major music line up as well, with G. Love & Special Sauce headlining at 4 p.m. on Sunday.Screen shot 2014-04-24 at 12.54.54 PMlast_img read more

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Islanders Playoff Run Spotlights Nassau Coliseum Move

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York New York Islanders John Tavares shoots against the Pittsburgh Penguins on SAturday, May 11, 2013 (Photo by Joe Nuzzo)The Islanders’ Stanley Cup dreams may have been iced by the Pittsburgh Penguins this weekend, but the playoff run also cast a spotlight on their resurgence and impending move from Nassau Coliseum.Several national print and online news and sports outlets published articles dissecting fans’ renewed faith in the long-struggling hockey team that comes just as it prepares to move from its first home to the Barclay’s Center in Brooklyn—stories that at times felt like obituaries for the 41-year-old Uniondale arena dubbed “the old barn.”“Anybody that watched the games and saw the crowd and the atmosphere obviously in the building…we got some respect around the league,” coach Jack Capuano told reporters after the Islanders abrupt 4-3 Game 6 overtime loss Saturday ended their season. “I think they respect the fact that our guys left it on the ice, they gave it everything that they had and it was great for our guys to hear the response that [fans] had to offer.”Fans had chanted “MVP” for center John Tavares and “Let’s Go Islanders” despite the disappointing ending. The same chant in the form of car horn honks were heard for miles around the coliseum last week after the Isles won their first playoff game at home in 11 years.A day prior to that win, Grantland, a sports and entertainment news site, ran a loving portrait of the coliseum, characterizing it as not really all that bad since “the ‘worst’ stadiums in America are often the best, and the ‘best’ are defined as the ones where you can buy sushi.”Last Friday, the sports news website Deadspin posted a semi-autobiographical, somewhat political historical analysis, declaring “The Coliseum, from the very beginning, belonged to the people. And that was before the people’s hockey team took off.”The New York Times wrangled a few fans, too, one of whom found out first hand how “this place used to vibrate, back when the Islanders were good.”The Associated Press noted the Isles’ other rivals, whom fans are now left rooting against in a Game 7 showdown Monday night, usually overshadow the underdogs.“They still take a backseat in attention to the New York Rangers, but there was that time in the 1980s when the Islanders ruled the league with four straight championships and a fifth consecutive appearance in the finals,” AP reported.Islanders playoff fever was spreading like wildfire oddly just as four bidders publicly vie to renovate or rebuild the coliseum, including a plan by the Barclay’s Center owners who said if they win the bid, the Isles can still play six games a year at the Uniondale arena.If the team decides to move to Brooklyn before their coliseum lease is up in 2015 as has been widely reported and what the roster will look like in October remains to be seen. But one thing is sure, reports ESPN’s Katie Strang: “Perception of the Islanders is bound to change after this.”last_img read more

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Schneps Family Acquires Long Island Press

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Wednesday night at the Crest Hollow Country Club in Woodbury, the Long Island Press hosted its 14th annual “Power List” event honoring the 50 most influential people on Long Island. This program marked a seminal milestone in the history of the Long Island Press, which was founded by Jed Morey of Morey Publishing in 2003.Morey took the podium to kick off the event by announcing that earlier in the day he had finalized an agreement to transfer ownership of the Long Island Press to Schneps Communications, a regional publishing company that owns and operates several publications including The Queens Courier, events and websites throughout New York City and Long Island. Joshua Schneps, CEO of the company that his mother, Victoria, founded 35 years ago and is now President, concluded the program and spoke about the transition to a room filled with 250 power brokers on Long Island.“My mother Victoria and I are humbled and excited about the opportunity to expand our reach on Long Island and take the helm of such a venerable news media brand that has meant so much to the Island,” Joshua told the crowd. He spoke briefly about his mother’s deep roots in advocacy and how she built an organization around the idea that an independent press is one of the most valuable aspects to a community.Schneps Communications currently operates other media outlets on the Island including the Bethpage Best of Long Island program and hosts the annual Long Island Power Women in Business and Kings of Long Island events.As of the sale, the Long Island Press welcomed an average of 250,000 unique visitors per month and had amassed more than 500 local, state and national awards during its tenure under Morey. The digital audience of Schneps Communications now exceeds over 2.5 million page views per month, 200,000 email subscribers and over 300,000 social media followers throughout Long Island, Queens and Brooklyn.The tenor of the evening was somewhat muted in the beginning as Morey recalled the emotional journey from starting the Press to handing off the reins to Schneps. New York State Comptroller Tom DiNapoli and Canon USA General Counsel and Executive VP Seymour Liebman gave keynote addresses and both addressed the need for a free and independent media, particularly on the local and regional level. Their remarks were followed by the “Power List” Hall of Fame induction ceremony, a tradition at these events, which celebrates those who have appeared on the list at least five times. This year’s Inductees were Liebman, civil rights attorney and activist Frederick Brewington, public relations guru Katherine Heaviside and Huntington Town Councilwoman Tracey Edwards.Each Power List member in attendance then participated in the ceremonial “Roll Call” – a lighthearted lightning round of introductions that culminated in a rousing ovation for the group of honorees center stage in the room.  As the evening wound down, Morey announced the first of the final two awards of the evening. The first was presented to Isma Chaudhry of the Islamic Center, who was acknowledged as the Long Island Press Community Champion.Morey then called Joshua Schneps to the stage to present the final award of the evening and pass the ceremonial torch from publisher to publisher. As Schneps took the podium, Morey took his place in the crowd and watched as the Enterprise Business Award was given to Linda Armyn of Bethpage Federal Credit Union. Schneps closed the program with a pledge to continue the commitment to journalistic quality and integrity that the Long Island Press has been known for over the past 15 years.The Long Island Press began as an alternative newsweekly publication in January of 2003. Morey Publishing eventually transitioned from a weekly publication to monthly four years ago before finally migrating strictly online where it continues to grow its readership and thrive as a business.last_img read more

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Don’t panic when it comes to your 401k

first_img 61SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details Yes, these are scary times. And when it comes to your 401k, the thought can be downright terrifying. If you’ve been closely monitoring your retirement account lately, you probably aren’t liking what you’re seeing. But don’t fret, now isn’t the time to bail on your retirement contributions. If you’re still able to work, here are a few reasons you should keep your contributions going strong…There’s a huge discount available: The market may be taking a hit right now, but after the coronavirus bids us adieu, you should expect things to start to turn back the other way. You can look at it as an opportunity to take advantage of lower prices on shares of good stock. The more you put in, the more gains you can expect.Did you forget about your company match?: While things are currently going the wrong direction, you can’t lose sight of the free money that’s being invested for you each pay period if your employer offers a company match. You may feel that holding some cash back will keep you from losing it, but if you’re losing the investment that your company is matching, you’ll really be hurting in the long run. By keeping your company contributions maxed out, you’ll help yourself recover quicker once the market turns around.Always remember taxes: Sure, you could redirect some of that cash to your direct deposit, but then guess what happens to it? The government will tax it and take their share. If you keep it in your 401k, it’s not getting taxed and taken. While it’s painful to see what’s currently happening to the stock market right now, keeping your contributions strong (and maybe even making them stronger) will be good for your portfolio in the long run.last_img read more

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