Connect with us
https://propermanchester.com.temp.link/wp-content/uploads/2019/11/secret-suppers-advert.jpg

News

Rishi Sunak set to announce 5% deposit mortgage scheme to help first-time buyers

“I want generation rent to become generation buy”

Published

on

Number 10/Flickr & Bill Boaden/Geograph

Chancellor Rishi Sunak is set to announce a 5% deposit scheme to help first-time buyers get on the property ladder. 

Sunak has revealed plans to incentivise lenders to provide mortgages to first-time buyers and current homeowners with just 5% deposits on properties worth up to £600,000.

He is set to provide details on how the government will offer lenders the guarantee they require to provide mortgages covering the remaining 95% this Wednesday.

Due to the economic impacts of the coronavirus pandemic low-deposit mortgages have ‘virtually disappeared’ explains The Treasury.

RishiSunak/Twitter

Prime Minister Boris Johnson said: “I want generation rent to become generation buy and these 95% mortgage guarantees help to deliver this promise.

“Young people shouldn’t feel excluded from the chance of owning their own home and now it will be easier than ever to get onto the property ladder.”

The scheme is set to be subject to the usual affordability checks and will be available from April. 

It’s based on David Cameron and George Osborne’s 2013 Help to Buy scheme that ended in June 2017. The scheme reportedly helped over 100,000 households but concerns were raised that it artificially inflated prices and housebuilder’s profits.

Shadow Housing Secretary Thangam Debbonaire raised concerns regarding the plans saying: “What young people need to get on is the secure future that comes with a decent job and genuinely affordable new houses to be built for them to make homes of, not going back to the days of sky-high mortgages.”

The Chancellor warns he is set to ‘level with people about the challenge’ and the damages of the pandemic spending.

He said: “We went big, we went early, but there is more to come and there will be more to come in the Budget. But there is a challenge and I want to level with people about the challenge.”

The government is reportedly braced for the possibility of rebellion from Tory MPs over tax rises. One member of the Northern Research Group Carlisle MP John Stevenson, suggested the Chancellor should wait until autumn before winding up support packages.

Speaking on BBC’s Radio 4 Today programme he said: “We’re not through the pandemic yet, we’ve still got a few months to go, so we want to see continuing support and we’ll probably have a much better idea of where the economy is come the autumn.

“As soon as we can get back to that levelling-up agenda which we were all elected on in 2019, we believe that in the north we have a major contribution to make to the recovery.”

Bill Boaden/Geograph

However, former Chancellor Lord Ken Clarke said Mr Sunak ‘must look at’ raising such things as VAT, national insurance and income tax. 

Lord Clarke told Today: “Sensible people know in their bones that all this emergency government spending is going to have to be paid for and is going to be a burden on them.

“The manifesto you refer to was written by a couple of apparatchiks in the office halfway through the campaign.”

He said it would be ‘quite sensible’ to look at raising corporation tax with it being at ‘quite unnaturally low levels’.

News

Sir David Amess MP has died after stabbing incident, police say

JUST IN…

Published

on

Sir David Amess / Twitter & Richard Townshend

A Conservative MP has died after being stabbed multiple times in his constituency.

Sir David Amess was attacked during an incident at his constituency surgery, Sky News reported earlier this afternoon.

According to police, he was treated by emergency services but died at the scene.

Sir David represents Southend West in Essex, and was reportedly attacked at the Belfairs Methodist Church in Leigh-on-Sea.

According to Sky News, a man walked into his constituency surgery and stabbed the MP multiple times.

He received treatment at the scene for his injuries, with emergency services at the scene.

The road surrounding the location has been closed off while the incident is dealt with. 

Police said in a statement: “A man has been arrested on suspicion murder after a man was stabbed in Leigh-on-Sea.

“We were called to an address in Eastwood Road North shortly after 12.05pm today (Friday 15 October).

“We attended and found a man injured.

“He was treated by emergency services but, sadly, died at the scene.

“A 25 year-old man was quickly arrested after officers arrived at the scene on suspicion of murder and a knife was recovered.

“He is currently in custody.

“We are not looking for anyone else in connection with this incident.”

Continue Reading

News

Conservative MP Sir David Amess stabbed multiple times in ‘major incident’

JUST IN…

Published

on

Richard Townshend

According to reports this afternoon, a Conservative MP has been stabbed multiple times in his constituency.

Sir David Amess was attacked during an incident at his constituency surgery, Sky News reports.

Sir David represents Southend West in Essex, and was reportedly attacked at the Belfairs Methodist Church in Leigh-on-Sea.

According to Sky News, a man walked into his constituency surgery and stabbed the MP multiple times.

The latest updates suggest he has been receiving treatment at the scene for his injuries, and police are reportedly at the scene.

The road surrounding the location has been closed off while the incident is dealt with.

Essex Police have confirmed a man has now been arrested. 

They wrote on Twitter: “A man’s been arrested following an incident in Leigh-on-Sea.

“We were called to reports of a stabbing in Eastwood Rd North shortly after 12.05pm.

“A man was arrested shortly after & we’re not looking for anyone else.

“We’ll bring you more info when we have it.”

Continue Reading

News

The Manchester Christmas Markets is moving to Piccadilly Gardens this year

Big changes for the Christmas Markets this year…

Published

on

Manchester City Council & David Dixon / Geograph

Manchester’s beloved Christmas Markets are making a grand return to the city this year, but its main hub will be found in a different location.

While the heart of the markets is usually centered around Albert Square, ongoing renovations to the Town Hall have forced them to move to Piccadilly Gardens, the council have confirmed today.

The area will be transformed into the ‘Winter Gardens’, with all the usual yuletide bars, market stalls and food huts.

Plans for the Winter Gardens also include a one-way system and separate entrances and exits, as well as a strict limit on visitors to limit the spread of Covid-19.

David Dixon / Geograph

They are also adding a fully accessible toilet to make the Winter Garden as inclusive as possible.

Councillor Pat Karney, Manchester’s Christmas spokesperson, said: “It’s wonderful to welcome back our world-famous Christmas Markets and the addition of the Winter Gardens for the very first time.

“Manchester has been the capital of Christmas for twenty-two years since the very first Christmas Market arrived in the UK in 1999 and we know it was a huge disappointment that we had to scale back our celebrations last year.

“We’re making up for lost time this year and I can’t wait to see the transformation in the city centre into the festive wonderland we know and love.”

@mcrchristmasmarkets / Instagram

Last year, in what would have been the markets’ twenty-first birthday, the festivities were cancelled as a result of the pandemic, much to the dismay of Mancunians all across the region.

At the time, Councillor Karney said that even the proposed smaller markets didn’t meet public health approval, adding that the council ‘could never take any risks’ with people’s wellbeing.

He said: “We’ve cancelled everything. It’s not met our commercial and public health tests, so the three markets in those locations have been cancelled, and won’t take place. It was a million miles from the traditional Christmas Markets, which obviously people would have been very anxious about.”

Continue Reading

Receive our latest news, events & unique stories

Privacy and data policy

We may earn a commission when you use one of our links to make a purchase

Copyright © 2019 Proper Manchester