Tag: 上海杨浦区卖B的地方

Stamp Duty rise driving landlords to spend on upgrades not portfolio expansion, says Countrywide

No Comments

first_imgThree times as many landlords are upgrading their properties instead of buying new ones than three years ago, research by Countrywide reveals.This is yet another sign that the government’s recent extra 3% Stamp Duty on buy-to-let properties is forcing landlords to change their business plans.The company says that nearly 10,000 of its landlords remortgaged their properties last year to fund an upgrade, more than three times as many as did in 2016.And one in ten of Countrywide’s landlords in England who remortgaged over the past 12 months did so to upgrade their properties.In London the average spend was £35,470, three times more than in Yorkshire & The Humber where they withdrew £11,150. The UK average was £22,850.“A record number of landlords are re-mortgaging to release money to spend on their properties instead of trading up,” says Johnny Morris, Research Director at Countrywide (pictured, left).The company has also recently said that the Stamp Duty will “bite harder over the next three years, making profit more susceptible to landlords’ levels of borrowing” and  leading to more highly-geared landlords selling up.The Countrywide research also reveals what proportion of landlords remortgage every year. Based on the Council of Mortgage Lenders’ ownership figures per mortgaged landlord, approximately a third of landlords remortgage their properties every year.Rent risesRents continue to rise, Countrywide says, particularly so in the West Midlands where they increased by 2.8% year-on-year as well as Wales and Greater London (both +2.1%). The average in the UK for a rental property is £951 pcm.“Average rents grew in seven out of eight regions across Great Britain, with Scotland being the only region to see falls,” says Johnny Morris.“Rental growth during the first quarter of this year stands at 2.1%, 0.5% faster than the same period in 2017, as low stock levels continue to drive growth.”   Johnny Morris landlords re-remortgaging buy-to-let Countrywide April 16, 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 » Stamp Duty rise driving landlords to spend on upgrades not portfolio expansion, says Countrywide previous nextHousing MarketStamp Duty rise driving landlords to spend on upgrades not portfolio expansion, says CountrywideFigures from agency giant reveal yet another unintended consequence of the government’s desire to squeeze landlords financially.Nigel Lewis16th April 20180817 Viewslast_img read more

Cassidian Optronics Upgrades Mission Effectiveness of Colombian Navy’s Subs

No Comments

first_img View post tag: Subs View post tag: Cassidian Back to overview,Home naval-today Cassidian Optronics Upgrades Mission Effectiveness of Colombian Navy’s Subs View post tag: Colombian Cassidian Optronics is improving the mission effectiveness of the 209 class submarines of the Colombian Navy by installing state-of-the-art sighting systems. After the already ordered refurbishment of an attack periscope, the Colombian Navy has now ordered a SERO 250 search periscope from Cassidian Optronics for a 209 Class submarine.Cassidian Optronics is the well-known producer of optronic mast systems and periscopes for submarines, formerly known as Carl Zeiss Optronics.This contract is the first in a series of contracts aimed at the final replacement of all current optical systems on board the existing Class 209 submarines of the Colombian Navy. These submarines were commissioned in 1975 and are now in an overhaul and upgrade phase. The current programme is under contract to the German shipbuilding company HDW in Kiel. Cassidian Optronics’ SERO 250 was chosen because it is a modern and cost effective plug-in solution replacing older periscopes without having to make major modifications to the boat.One of the main criteria for a periscope upgrade in submarines is the increase in capabilities. The SERO 250 periscope is equipped with state-of-the-art sensors. These include a new generation infrared sensor, offering the crew a night vision capability. It was specifically designed for the submarine refit market to replace legacy systems with minimal platform adaptation. In the integration process local partners in Columbia will be involved.Previously, Cassidian Optronics won different programmes within the retrofit market, including the upgrade programme of the Turkish Navy’s AY-Class submarines.[mappress]Naval Today Staff, March 20, 2013; Image: Cassidian View post tag: News by topic View post tag: Navy View post tag: Mission View post tag: Effectivenesscenter_img View post tag: Naval View post tag: Optronics Cassidian Optronics Upgrades Mission Effectiveness of Colombian Navy’s Subs Equipment & technology March 20, 2013 View post tag: Upgrades Share this articlelast_img read more