What Options Do First Time Buyers Have In The Current ‘Credit Crunch’ Market?

By Joseph Kenny

The average cost of a house in the UK is now 130,000 this can be a pretty daunting figure for first-time buyers. But there are still options for first time buyers in the current market.

The first option may or may not be suitable for you, but it’s something worth considering. In the North of England, the average house is price considerably lower than in the south, especially compared to the southeast. The gap is nowhere near as great as it used to be, but 5% deposit on 90,000 may be an easier option, with lower monthly mortgage payments.

Under new tax rules, there is a tax exemption scheme known as ‘Rent-a-Room’, which will allow you to earn 4,600 each year by renting out one room in your home. This additional income is often taken into account when lenders are considering giving you a mortgage. They may allow you up to four times that income, which would add nearly 20,000 to the size of the mortgage you could obtain.

Another common practice is to buy a property jointly with a friend, or maybe your brother or sister. This requires a legal agreement properly drawn up which takes into account how much cash each person is investing in the property. This is in terms of amounts of cash deposit, and also if the mortgage payments are equally split or not. This is essential to avoid arguments, should you have a disagreement or when you sell the property.

If you’re fortunate and your family have a little money set aside. You may be able to ask them to contribute towards the deposit amount. Another way they could assist you is by acting as guarantor for your loan. But this would mean that if you cannot make the payments they would become obliged to make them for you.

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One of the better options for first time buyers in the current market could be to purchase a brand new property. The advantage of a new property is that it comes with all new fixtures and fittings. And will be in good condition, requiring little maintenance. Many builders will now give very generous deals for first-time buyers.

Properties previously owned by the local council are usually of very solid construction with good size rooms. They potentially offer excellent value for money in comparison to houses that have always been private.

Shared ownership schemes are now becoming popular, and are run by housing associations all over the country. They are set up to help people on lower incomes who want to become property owners. Under this type of scheme, you only buy a share in the house of for example, 50%. You then only need a mortgage for 50% of the value of the property.

You will also have to pay rent on the other half of the house, but this is usually set at a much reduced rate. Over time you can buy more shares in your house up to the full 100%. When the house is sold you are entitled to your share, for example 50%, including half of the profit.

Auctions can provide interesting options for first time buyers in the current market. Properties that are sold via auction very often sell for far less than if the same house was sold by the local estate agent. It will be possible for you to view properties before they are auctioned. It is necessary to arrange a mortgage before bidding, and you will be required to put down a deposit if you are the successful bidder of around 10%.

The usual amount of the deposit required by banks and building societies is a minimum of 5%. They require this not so much because they want you to have the money to put down. It is more a case of you proving that you can put by a regular amount of money every month for a couple of years. That says to them that you are both disciplined and serious about your mortgage commitment.

Not all options for first time buyers in the current market require a deposit, someone lenders will now offer 100% mortgages to first-time buyers. Interest rates tend to be, slightly higher than if you had put down a deposit.

There are even a handful of lenders that may allow the first-time buyer slightly more than 100% of the value at the house. This is to cover such things as legal fees. On the surface this can be a good deal, the only drawback is that some companies will impose what are known as, indemnity premiums, which can be quite high.

As you can see from everything above, there are still options for first time buyers in the current market. And a capable broker should be in a position to assist you to find a suitable mortgage, depending upon your situation.

About the Author: Joe Kenny writes for Glitec.org, offering cheap

online mortgages


homeowner loans

or visit Rebuild.org for great





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Knight Foundation and Mozilla send geeks into newsrooms

Friday, November 11, 2011

In London last weekend, journalists, software developers, filmmakers, designers and many others spent time discussing ideas and building tools at the 2011 Mozilla Festival at Ravensbourne College. Following the theme of “Media, Freedom and the Web”, many attendees developed prototypes around the idea of the future of media including tablet interface prototypes for the Boston Globe, designs for open source software for DJs, and hacks to enable journalists to combine video and original source text together to tell stories in more interactive ways.

One important announcement made at the event was details of five new fellowship places sponsored by the Knight Foundation and the Mozilla Foundation that attempt to bring together journalists and open source-minded software geeks. Wikinews spoke to Laurian Gridinoc, who currently works at Talis building software for higher education but will move for a year to the BBC to work in the newsroom. Other fellows will be working for The Guardian, Al-Jazeera, the Boston Globe and Zeit Online.

Gridinoc says the Fellowship intends to “introduce innovation in the newsroom by embedding some developers as fellows”. The fellows will collaborate with people within the news organization. They hope to be open about how they are changing the newsroom. Gridinoc says he and the others will “blog about making the news, on how things can be done, and how [open source] tools can be used”, and he specifically will work on trying to increase the use of linked data, a practice already embraced by the BBC. “Adaptive documents” were another area of interest for Laurian: having stories where illustrations and examples dynamically adapt to the particular reader.

According to the fellows speaking as part of a panel discussion, many newsrooms reject the use of open source tools even for producing maps, graphs and infographics.

How journalists adapt to the web was a theme throughout the weekend, with sessions teaching journalists to write HTML and write basic scripts in Ruby to scrape websites, discussions on Creative Commons and what “hacker journalism” entails. One group worked on collaboratively produced handbook on “data journalism” while others tested and refined Ushahidi, a crowdsourced news tool that was used during the earthquakes in Haiti and Chile in 2010 and in Christchurch, New Zealand in 2011.

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Australia sends more troops to Afghanistan

Tuesday, February 21, 2006

The Australian government has confirmed it will send an extra 200 troops to Afghanistan as part of a security and reconstruction team. Prime Minister John Howard says troops will leave from late July and will spend about two years in Afghanistan separate from the Special Forces and commandos already serving there. In a press conference in Canberra today, Mr Howard said the deployment was “further evidence of the government’s ongoing commitment to assist the people of Afghanistan in consolidating their embrace of democracy and resisting any attempt on the part of the Taliban to come back.”

The Australian Greens oppose the deployment of new troops. In a press release, Senator Bob Brown voiced his opinion on the matter, and said the following about Australia’s deployment: “The announcement that Australia will be sending 200 more troops to Afghanistan comes hard on the heels of the Bush administration announcing the withdrawal of 3000 troops from the same theatre,” he said. “Without the US withdrawal there would be no Australian deployment. This is John Howard once again using the ADF to meet the Bush administration’s political shortcomings. Our troops should be kept at home.”

“The ADF contribution will be a mixed security and reconstruction taskforce of approximately 200 personnel and will be deployed over a period of two years,” Howard told reporters. The Australian Defence Force (ADF) troops will be deployed from late July and work alongside Dutch soldiers as part of a NATO force. The extra 200 troops will bring the number of ADF personnel to more than 500.

Australia sent 1,550 troops to Afghanistan in 2001, including special forces, to join the U.S.-led strikes against the Taliban regime. Australia’s only fatality in Afghanistan came in February 2002 when a soldier was killed after his vehicle hit a land mine. Violence has intensified in Afghanistan in recent months, particularly in the south and east, with a wave of raids, roadside and suicide bombings killing dozens of people.

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NZ Sky TV customers to get refund for satellite failure

Saturday, April 1, 2006

On Thursday night, a failure of the Optus B1 satellite affected the Sky Pay TV network and also caused a blackout of other satellite-based systems. Sky TV subscribers will get a refund for the inconvenience.

The satellite was down from Thursday evening to Friday morning. It also covers international emergency service and air traffic coordination. However, thanks to backup services, no serious effects were caused.

Satellite experts and astronomers questioned Sky’s explanation that the solar eclipse had hampered attempts to get the service back up and running – the eclipse happened nearly 24 hours before the outage, and thus the satellite should have been in a different area of the sky. A spokesman of Sky TV said the problem occurred because the eclipse happened at the moment the sun was required to charge the satellite’s batteries for a routine realignment.

The pay TV company is considering paying compensation to advertising customers as well.

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Police Crb Checks Enhanced Disclosure System

Police CRB Checks- Enhanced Disclosure System


Articles Manager

The police CRB check has become a life tine of the United Kingdom for the process of keeping the criminals at bay from the society. The enhanced disclosure service is soon planned to spread to all the sectors of the society. Right now it covers up the section of kids and vulnerable adults. The police CRB checks work along with the VBS checks and the ISA checks. The VBS stands for Vetting & Barring schemes and the ISA checks stand for the Independent Safeguarding Authority. Together these three bodies work to filter out the criminals from the society and keep them safe and secure.

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Enhanced disclosure system and its details The enhanced disclosure system can be collectively referred to the process of making police check and filtering out the criminals from the society. The whole process includes collective efforts with three bodies namely CRB check, ISA check and the VBS check. The Criminal Records Bureau or CRB is the parent body. Under this comes two other bodies namely ISA and VBS. These two bodies work together to successfully carry on the filtering out process of the criminals from the society. The work of the VBS body is to collect the applications from the various small and big organizations and the private bodies. The VBS body then hands over the applications to the ISA body. This ISA body now takes out the criminal records of the applicant through all the possible criminal records maintained by the government of the UK. Now the function of the CRB is to match out these records and issue the police CRB check certificates to those who have clean records. Even a single criminal record will bar the person from the certificate forever. How to apply for the VBS checks? One is not eligible to file an application directly to the government body for enhanced disclosure police CRB checks procedure. Private agencies are working effectively, who will collect the applications from you either in bulk or individually and submit the applications to the government body on your behalf. Later these private agencies collect back the certificates from the government body on your behalf and post the certificates to you. They may charge a nominal service charge for this.

CRBCloisters.co.uk provides

Enhanced Disclosure

, CRB checks and ISA checking services at competitive prices. We also provide

VBS Checks

and ISA registration via the Vetting & Barring Scheme (VBS).

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Water main bursts in White Plains, New York, US

Thursday, August 13, 2020

On Monday, a water main broke in the US city of White Plains, New York, cutting off the water supply to most of the city. The burst pipe caused a huge crater to form in a major intersection in the heart of the city, flooding the streets. Emergency crews were on the scene to repair the pipes in order to restore water service. Almost all customers had water restored by the evening.

The water pipe burst under the road surface at the intersection of Martine Avenue and S. Lexington Avenue in the afternoon. By 5:00 pm EDT (2100 UTC) the city issued an advisory of water outages and stated the Department of Public Works (DPW) had located the problem. Wikinews was on the scene around 6:20 pm and could observe a large crater in the street caused by the amount of water from the burst pipe. Crews from DPW as well as some the fire department were there. Water was no longer rushing uncontrolled into the street.

Shortly thereafter, at 6:30 pm, the city issued a follow-up statement announcing the break had been contained by DPW. Residents were advised to expect the water to perhaps be “discolored” when it initially returned. The city estimated by 9 pm, there would be enough pressure returned to the water system for all to have water. Indeed, News 12 reported, only buildings adjacent to the break were without water service.

White Plains is the county seat for Westchester County, New York, which is also home to the cities New Rochelle and Yonkers which formed the epicenter of the COVID-19 outbreak in New York. Westchester lies directly to the north of New York City.

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Toronto to have socialized city-wide wi-fi access

Thursday, March 9, 2006

Toronto’s public utility, Toronto Hydro Telecom, will make Canada’s largest city into a huge wireless hotspot.

“This is both an exciting and very important initiative for the city of Toronto”, said Toronto’s mayor, David Miller. “It puts us on the leading edge of the telecommunications industry nationwide and globally.”

Toronto Hydro Telecom will offer customers free access for the first six months. After that, it will begin to charge for services.

“Wi-Fi technology is the new benchmark for urban living”, stated Toronto Hydro president David Dobbin. “It’s standard equipment in many electronic devices, from laptops to portable entertainment units.”

Private telephone companies are questioning why a public utility needs to compete with the private sector.

Mike Lee of Rogers Communications Inc. questioned why the city of Toronto wanted to enter the internet access business.

“It will not be an easy business”, Lee told the National Post. “In this day and age, the focus should be on core operations more than anything. I was surprised to see they are looking to get into this business.”

Brian Sharwood, a telecom analyst in Toronto, said the municipality will likely install the wireless transmitters and receivers on its lamp posts as a way to blanket the city, a process known as “wireless mesh networking”.

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SEPTA buys rail cars from NJ Transit to deal with crowding

Tuesday, July 29, 2008

As gas prices have risen in the United States, the regional transport authority for southeastern Pennsylvania, SEPTA, has seen a sharp increase in ridership, which has caused overcrowding on the trains.

“As fuel prices have continued to rise, SEPTA ridership has steadily increased and is the highest in 18 years,” said SEPTA General Manager Joseph Casey. Monthly ridership was 22 percent higher last month than a year ago.

“They have crushed loads on their rail lines, already where people are standing, and there’s not enough seats,” said Rich Bickel, the director of the Delaware Valley Regional Planning Commission.

“At peak times some railcars are standing room only and commuter parking lots are nearly full. All Regional Rail lines are running near full capacity and the train station parking lots are at about 90 percent capacity or more,” SEPTA spokesperson Felipe Suarez said.

While SEPTA awaits new Silverliner V trains from Hyundai Rotem, which begin arriving in 2009, it had hoped to lease eight rail cars from New Jersey Transit, at an agreed-upon rate of US$10,000 per month. However, due to problems with insurance and liability indemnification, the deal fell through, according to Casey.

SEPTA has entered a new agreement to purchase the eight rail cars from NJ Transit. The transit authority will pay US$670,000 for the cars and assorted supplies plus one additional inoperative car which will be used for spare parts. The rail cars will be operated using a SEPTA provided locomotive as they are not self-propelled.

The cars are being disposed of by NJ Transit because it has switched from single-floor cars to double-decker cars.

SEPTA is expecting to raise US$3.1 million by selling rail that has been out of service since 1981 at auction.

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Get Rv Insurance And Enjoy Life On Road!

Submitted by: Best Insurance

An RV is your home on wheels. An RV has all the amenities you need to live in comfort or even luxury, and it can cost almost as much as a house in some cases. Much like your home, a recreational vehicle is an investment and insuring your new home on wheels with an insurance policy that is specifically geared toward RV’s is one of the best ways of protecting this investment. RV Insurance covers all the things that regular car insurance cannot even begin to cover, like:

Your clothing

Your camera

Your laptop

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All of the other items that you would bring to make your RV feel more like home.

Your RV itself cannot protect your personal effects from fire, flood, or other destructive forces; however, your RV insurance can offer you the peace of mind that will at least allow you to replace these items with minimal fuss. RV insurance not only covers your personal items but also covers the costs of replacement of your RV if it is totaled or stolen and not recovered. Before you purchase your RV insurance policy, it is good to know a little about this type of insurance and, as always make sure you look for the best RV Insurance Agency in Los Angeles, Stockton, Oakland, San Francisco, or Sacramento.

What is RV Insurance?

RV Insurance is coverage that protects not only the vehicle itself, but much like Homeowners Insurance, most of the contents within. While regular vehicle insurance can be purchased for a Recreational Vehicle, many people fail to consider the full coverage that RV Insurance offers. Coverage not only for your vehicle, but also for your BELONGINGS is not only smart, but is a necessity if you travel. For example: Let s assume that you and your family are travelling across country from Sacramento and along the way, you stop for a nice meal and your RV is broken into and your valuables stolen Or, let s assume that the RV park you are camped in suddenly floods due to bad weather and water leaks in damaging your clothing and electronics. What would you do if you simply had a standard vehicle insurance policy? You would be headed back to the nearest department store to restock your wardrobe and the nearest Best Buy to replace that flat screen. A good RV insurance policy will have offer full replacement, meaning that one bad accident or run of bad luck will not force you to give up your RV trips for good because you had to spend all of that money on replacing your belongings.

How does RV Insurance protect my vehicle differently from Auto Insurance?

Some insurance companies underwrite an auto insurance policy as an RV Insurance policy, but it is important to make sure you check the fine print because many of these have limitations to what items you can claim. In regards to the vehicle itself, a true RV insurance policy will cover those parts of the RV that a regular auto insurance policy will not cover such as the stairs, the slide outs, and the awnings. Not only that, this type insurance also covers towable/trailer RV s or truck campers. Your typical auto insurance policy will not cover those types of accessories.

Where you get the RV Insurance and for which type of RV?

Although, there are many insurance companies that offer RV Insurance, and you can most certainly shop around online, your best bet is to contact an Insurance Agent that specializes in RV Insurance. Sure, you can surf around and get quotes online, but in reality, there are so many options when purchasing RV insurance and when it comes to protecting you, your family, and your investment, taking pot shots for the cheapest price is not the best idea. Although you can insure any type of RV, whether it is a trailer/camper or a full-size rig, you should make sure that you understand all of your coverage options in order to make the best decision and get the best rates. When shopping online for insurance, consumers tend to overlook the small print and ultimately end up paying more for some coverage they may not have needed. Don t be lazy! Take the time to contact an insurance agency specializing in RV Insurance and spend the time to review your options You ll be glad you did!

RV Insurance Sounds expensive! Is it?

Just like auto insurance, home insurance, life insurance, or health insurance, there are MANY different levels of coverage and insurance companies running national deals. That being said, it is possible to find great deals on RV Insurance just the same. Once again, the best way to get a great rate is to let your insurance agent do the shopping for you. Whether you are an RV owner in Los Angeles, or in the Bay Area of Stockton, San Francisco, & Oakland, all the way to Sacramento, seek out a reputable insurance agency that can help find the right RV Insurance policy for you!

About the Author: Find the best cheap insurance in San Francisco, Los Angeles, Sacramento & Oakland at


. We also providing Best RV insurance Los Angeles, cheap insurance Los Angeles, best auto insurance Sacramento and more.




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Warmest Canadian winter on record

Tuesday, March 14, 2006

The winter of 2005/2006 has been the warmest winter in Canada since the beginning of the nationwide weather record in 1948, with average nationwide temperatures 3.9°C above the long-term average. Statistically, such a strong deviation from the average is expected to be observed only once in 100 years.

While most of the country was experiencing temperatures of at least 2°C above normal, in most of Alberta, Saskatchewan and the Northwest Territories the temperatures were 6°C above normal, with some regions averaging up to 8°C above normal.

For this statistic the months from December through February were counted as winter.

Lack of ice in eastern Canada will probably affect the annual harp seal hunt, which typically starts around March 15. In February, so little ice had formed that Environment Canada reported that such poor ice conditions had never been seen before in recorded history. The last time conditions approached what we saw in February 2006 was in 1969. The year 1981 was the third lowest ice year in recorded history.

In 1981, a number of harp seal mothers, who normally whelp only on ice, went to the shores of Prince Edward Island and Nova Scotia and gave birth on land. That year, due to the lack of ice, hundreds of thousands of seal pups drowned. The seals who were born on land faced both natural dangers such as death by exposure, and the danger of death at the hands of thousands of sealers, both licensed and unlicensed. These sealers took this rare “opportunity” to walk right up to a baby seal and kill it. Some of these seals were also attacked by domestic dogs.

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