The latest figures released by the Council of Mortgage Lenders has revealed that home-owners borrowed £8.7bn for house purchase, a 4% rise month-on-month and 21% year-on-year. According to the report, those taking their first steps onto the property ladder borrowed £3.4bn, up 3% on January and 21% on February last
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A Wirral based company has been fined £170,000 after a worker’s arm was injured in machinery. Warwick Crown Court heard how an installation engineer of Sovex Limited suffered a broken arm when it was pulled into machinery at the UK Mail site in Coventry, where he was commissioning a new conveyor belt
A judge has directed that a £60,000 fine imposed on a construction company for safety offences should go directly to the employee whom it caused to be paralysed. Armenian national Petros Pogosyan, aged 55, fell through a skylight roof while working for Race Interiors Ltd on 18th January 2013. Southwark
Date Event 17/03/16 Dame Judith Hackitt DBE, HSE Chair 15/03/16 Dame Judith Hackitt DBE, HSE Chair 18/02/16 Dame Judith Hackitt DBE, HSE Chair 21/01/16 Dame Judith Hackitt DBE, HSE Chair 03/12/15 Judith Hackitt CBE, HSE
BDC 319 : Aug 2024
The latest figures released by the Council of Mortgage Lenders has revealed that home-owners borrowed £8.7bn for house purchase, a 4% rise month-on-month and 21% year-on-year. According to the report, those taking their first steps onto the property ladder borrowed £3.4bn, up 3% on January and 21% on February last year. This totalled 22,000 loans, up 3% month-on-month and 11% year-on-year. Home movers borrowed £5.3bn, up 4% on January and up 20% compared to a year ago. This totalled 26,000 loans, up 4% month-on-month and up 14% on February 2015. Remortgage activity totalled £4.8bn, down 17% on January but up 37% compared to a year ago. This came to 28,400 loans, down 15% month-on-month but up 24% compared to a year ago. Landlords borrowed £3.7bn in February, unchanged month-on-month but up 61% year-on-year. This came to 23,700 loans in total, up 1% compared to January and up 47% compared to February 2015. Paul Smee, director general of the CML, commented: “In 2016, there have been substantial increases in house purchase and remortgage activity year-on-year. This reflects the sluggish market in early 2015, perhaps driven by election uncertainties. Buy-to-let has also seen substantial year-on-year increases, with particularly strong growth in remortgaging, a pattern which we have seen in the buy-to-let sector the past six months. Activity has been boosted by landlords seeking to complete purchases before tax changes in April. We do not expect activity to show such strong year-on-year growth later in the year.” Buy-to-let lending While gross buy-to-let lending increased month-on-month and substantially year-on-year, the monthly lending levels have remained relatively consistent the past six months. Remortgage remains the driver of increased activity recently in the buy-to-let sector, with 59% of gross buy-to-let lending being remortgage compared to just 27% in the home-owner space. Nicola Georgiou, Managing Director at Freedom Finance, commented: “Borrowers are continuing to take advantage of the low mortgage rates on offer in February. As interest rates remain at a record low and realistically do not look like they will be rising anytime soon. The increased activity experienced by the buy-to-let market at the start of the year continued into February as landlords looked to complete ahead of the new stamp duty rate introduced at the start of this month.” Source link
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A Wirral based company has been fined £170,000 after a worker’s arm was injured in machinery. Warwick Crown Court heard how an installation engineer of Sovex Limited suffered a broken arm when it was pulled into machinery at the UK Mail site in Coventry, where he was commissioning a new conveyor belt system. An investigation by the Health and Safety Executive (HSE) into the incident which occurred on 21 January 2015, found there was a lack of effective guarding and isolation procedures on the machinery. Sovex Limited, of Prenton Business Park, Prenton Way, Prenton, Wirral, were found guilty of breaching Section 2(1) of the Health and Safety at Work etc. Act 1974, and was fined £170,000 with £24,000 costs. For information on work equipment and machinery visit: http://www.hse.gov.uk/work-equipment-machinery/ Notes to Editors: The Health and Safety Executive (HSE) is Britain’s national regulator for workplace health and safety. It aims to reduce work-related death, injury and ill health. It does so through research, information and advice, promoting training; new or revised regulations and codes of practice, and working with local authority partners by inspection, investigation and enforcement. www.hse.gov.uk More about the legislation referred to in this case can be found at: www.legislation.gov.uk/ HSE news releases are available at http://press.hse.gov.uk Journalists should approach HSE press office with any queries on regional press releases. Source link
A judge has directed that a £60,000 fine imposed on a construction company for safety offences should go directly to the employee whom it caused to be paralysed. Armenian national Petros Pogosyan, aged 55, fell through a skylight roof while working for Race Interiors Ltd on 18th January 2013. Southwark Crown Court heard that Mr Pogosyan fell 4.5 metres onto a concrete floor at Roseberry Industrial Estate in London. His life changing injuries include brain damage and he is paralysed from the waist down. He is also now partially deaf. During the Health & Safety Executive (HSE) prosecution case, the court was told he will need personal care for the rest of his life, and will never work again. His wife has given up work to care for him full time. Since the incident the couple have been living on state benefits. Judge May QC described the accident as highly foreseeable and decided that the company fell far short of the required standards for managing risks at work. Race Interiors Limited was fined £60,000 with costs of £7,784 after pleading guilty to breaching Section 2(1) of the Health and Safety at Work etc. Act 1974. However, in what was described by the HSE as ‘a highly unusual move’ the fine was converted into a compensation order of £60,000 to be paid directly to Mr Pogosyan. The judge said it was ‘an exceptional case’ because Race Interiors is in dispute with its insurance company and so Mr Pogosyan is unlikely to receive any other compensation for his injuries. HSE inspector Simon Hester said: “This tragedy should not have happened. Nobody should work on a roof without proper planning. It is the employer’s responsibility to ensure that all reasonable precautions are taken to prevent a fall. Mr Pogosyan could have been killed by his fall and now suffers massive and irreversible life-changing injuries.” This article was published on 10 Jun 2015 (last updated on 10 Jun 2015). Source link
Date Event 17/03/16 Dame Judith Hackitt DBE, HSE Chair 15/03/16 Dame Judith Hackitt DBE, HSE Chair 18/02/16 Dame Judith Hackitt DBE, HSE Chair 21/01/16 Dame Judith Hackitt DBE, HSE Chair 03/12/15 Judith Hackitt CBE, HSE Chair 20/10/15 Judith Hackitt CBE, HSE Chair 13/10/15 Judith Hackitt CBE, HSE Chair 08/10/15 Judith Hackitt CBE, HSE Chair 15/09/15 Judith Hackitt CBE, HSE Chair 30/06/15 Judith Hackitt CBE, HSE Chair 17/03/15 Judith Hackitt CBE, HSE Chair 05/03/15 Judith Hackitt CBE, HSE Chair 04/03/15 Judith Hackitt CBE, HSE Chair 22/01/15 Judith Hackitt CBE, HSE Chair 21/01/15 Judith Hackitt CBE, HSE Chair 10/12/14 Judith Hackitt CBE, HSE Chair 27/11/14 Judith Hackitt CBE, HSE Chair 19/11/14 Judith Hackitt CBE, HSE Chair 17/11/14 Judith Hackitt CBE, HSE Chair 14/11/14 Judith Hackitt CBE, HSE Chair 13/11/14 Judith Hackitt CBE, HSE Chair 06/11/14 Judith Hackitt CBE, HSE Chair 22/10/14 Judith Hackitt CBE, HSE Chair 23/09/14 Judith Hackitt CBE, HSE Chair 18/09/14 Judith Hackitt CBE, HSE Chair 11/09/14 Judith Hackitt CBE, HSE Chair 03/09/14 Judith Hackitt CBE, HSE Chair 16/07/14 Judith Hackitt CBE, HSE Chair 07/07/14 Judith Hackitt CBE, HSE Chair 23/06/14 Judith Hackitt CBE, HSE Chair 11/06/14 Judith Hackitt CBE, HSE Chair 05/06/14 Judith Hackitt CBE, HSE Chair 28/01/14 Judith Hackitt CBE, HSE Chair 5/12/13 Judith Hackitt CBE, HSE Chair 29/11/13 Judith Hackitt CBE, HSE Chair 22/11/13 Judith Hackitt CBE, HSE Chair 19/11/13 Judith Hackitt CBE, HSE Chair 14/11/13 Judith Hackitt CBE, HSE Chair 12/11/13 Judith Hackitt CBE, HSE Chair 22/10/13 Judith Hackitt CBE, HSE Chair 18/06/13 Judith Hackitt CBE, HSE Chair 23/05/13 Judith Hackitt CBE, HSE Chair 15/05/13 Judith Hackitt CBE, HSE Chair 14/05/13 Judith Hackitt CBE, HSE Chair 14/03/13 Judith Hackitt CBE, HSE Chair 07/02/13 Judith Hackitt CBE, HSE Chair 08/11/12 Judith Hackitt CBE, HSE Chair 30/10/12 Judith Hackitt CBE, HSE Chair 19/10/12 Judith Hackitt CBE, HSE Chair 03/10/12 Judith Hackitt CBE, HSE Chair 25/09/12 Judith Hackitt CBE, HSE Chair 06/07/12 Judith Hackitt CBE, HSE Chair 04/07/12 Judith Hackitt CBE, HSE Chair 14/06/12 – 15/06/12 Judith Hackitt CBE, HSE Chair 11/06/12 Judith Hackitt CBE, HSE Chair 17/05/12 Judith Hackitt CBE, HSE Chair 20/03/12 Judith Hackitt CBE, HSE Chair 17/01/12 Judith Hackitt CBE, HSE Chair 05/01/12 Judith Hackitt CBE, HSE Chair 25/11/11 Judith Hackitt CBE, HSE Chair 22/11/11 Judith Hackitt CBE, HSE Chair 04/10/11 Judith Hackitt CBE, HSE Chair 15/09/11 Judith Hackitt CBE, HSE Chair 13/09/11 Judith Hackitt CBE, HSE Chair 05/09/11 Judith Hackitt CBE, HSE Chair 06/06/11 Judith Hackitt CBE, HSE Chair 12/05/11 Judith Hackitt CBE, HSE Chair 31/03/11 Judith Hackitt CBE, HSE Chair 31/03/11 Judith Hackitt CBE, HSE Chair 09/03/11 Judith Hackitt CBE, HSE Chair 01/03/11 Judith Hackitt CBE, HSE Chair 02/02/11 Judith Hackitt CBE, HSE Chair 14/01/11 Judith Hackitt CBE, HSE Chair 07/12/10 Judith Hackitt CBE, HSE Chair 26/11/10 Judith Hackitt CBE, HSE Chair 23/11/10 Judith Hackitt CBE, HSE Chair 17/11/10 Judith Hackitt CBE, HSE Chair 16/11/10 Judith Hackitt CBE, HSE Chair 21/10/10 Judith Hackitt CBE, HSE Chair 06/10/10 Judith Hackitt CBE, HSE Chair 28/06/10 Judith Hackitt CBE, HSE Chair 24/06/10 Judith Hackitt CBE, HSE Chair 24/06/10 Judith Hackitt CBE, HSE Chair 22/06/10 Judith Hackitt CBE, HSE Chair 21/06/10 Judith Hackitt CBE, HSE Chair 17/06/10 Judith Hackitt CBE, HSE Chair 09/06/10 Judith Hackitt CBE, HSE Chair 02/06/10 Judith Hackitt CBE, HSE Chair 21/05/10 Judith Hackitt CBE, HSE Chair 06/05/10 Judith Hackitt CBE, HSE Chair 29/04/10 Judith Hackitt CBE, HSE Chair 21/04/10 Judith Hackitt CBE, HSE Chair 14/04/10 Judith Hackitt CBE, HSE Chair 24/03/10 Judith Hackitt CBE, HSE Chair 11/03/10 Judith Hackitt CBE, HSE Chair 10/03/10 Judith Hackitt CBE, HSE Chair 09/03/10 Judith Hackitt CBE, HSE Chair 16/02/10 Judith Hackitt CBE, HSE Chair 12/02/10 Judith Hackitt CBE, HSE Chair 14/01/10 Judith Hackitt CBE, HSE Chair 10/12/09 Judith Hackitt CBE, HSE Chair 03/12/09 Judith Hackitt CBE, HSE Chair 02/12/09 Judith Hackitt CBE, HSE Chair 30/11/09 Judith Hackitt CBE, HSE Chair 26/11/09 Judith Hackitt CBE, HSE Chair 24/11/09 Judith Hackitt CBE, HSE Chair 20/11/09 Judith Hackitt CBE, HSE Chair 18/11/09 Judith Hackitt CBE, HSE Chair 11/11/09 Judith Hackitt CBE, HSE Chair 04/11/09 Judith Hackitt CBE, HSE Chair
