Banks to ‘cherry pick’ loans

first_imgNZ Herald 22 August 2013New loan restrictions mean the “poor middle-class” hoping to buy their first home will be left out in the cold as banks cherry pick their ideal customers, mortgage brokers say.However, borrowers wanting low deposit loans are being told not to panic because there are ways of getting around the Reserve Bank’s policy.First home buyers with less than a 20 per cent deposit – considered a high loan-to-value ratio (LVR) – is about 12 per cent of banks’ new loans.Overall, low equity loans comprise 29 per cent of the major banks’ lending. However, under the new limits, to come into effect on October 1, banks would have to restrict these loans to just 10 per cent of their new lending.Commentators have predicted other banks will follow Kiwibank’s lead in prioritising first home buyers because they were valuable long-term customers.But a Herald survey of the five major banks found only two – Kiwibank and ASB – would commit to who they would prioritise. Kiwibank said it would put first home buyers at the top of the queue and ASB said their first priority would likely be their existing customers.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11112310last_img read more

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Out With The Old In With The Steel

first_img Share Share 233 Views   no discussions LifestyleReader BitesThe Built Environment Out With The Old In With The Steel by: – January 7, 2020 Tweet Steel framing is a construction method where steel columns and beams are assembled using a variety of fasteners usually in a rectilinear fashion to create a support for floors, roofs, etc. to purposefully construct a building. While steel frame construction is predominantly used for large, simple structures, such as garages and warehouses, there has been an increase in its usage in a wide range of other types of developments, such as offices, schools and even residential properties.There are several distinct advantages that steel frame construction offers when compared to brick, concrete and timber constructions.Because of its high strength to weight ratio structural, steel components are stronger and more durable than their concrete counterpart. The strength and flexibility of steel frames allow them to withstand the effects of natural disasters such as hurricanes, earthquakes which are a part of our regular weather system and do create planning challenges for our region.Steel frames can be easily fabricated into different sizes while still retaining the strength properties. They can be customized to bear specific loads in buildings of all different types and sizes and allows for creative and innovative designs.Steel frame construction’s fire ratings can be improved and well managed, thereby reducing the risk of fire damage to the building and retarding the spread of a fire if it does occur.Structural steel components are insusceptible to the harmful effects of insects and other animals. Effects which can cause significant problems for timber structures that are not properly treated.Steel frames are prefabricated off-site to fit a certain specification before being sent to the construction site. Because of this they are immediately ready to be assembled. No curing times are required to add to construction periods.Steel framed construction can provide competitive construction cost rates and in fact for low rise commercial construction does provide better rates than its counterparts. Share Sharing is caring! If you are in the planning stages of a development and want help deciding whether steel frame construction is a good choice for you get in touch with an engineer today.Written by Garn Todd JosephWebsite & Advertising Assistant for the Millenia Group of Companieslast_img read more

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Dodgers’ Gavin Lux trying to ignore pressure of playing for postseason roster spot

first_img Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco Dodgers hit seven home runs, sweep Colorado Rockies “I think it was just a little bit of an adjustment period, comfort period. Now I feel like I can just go out there and play and have fun and not worry about anything, not try to do too much. I think for a while there I think I was kind of pressing for hits. I was hitting the ball hard but right at people. It was kind of frustrating but that’s just how it goes. That’s the way it is in the major leagues. You’re trying to beat nine guys that are shifted right where you hit it.”With a double Saturday, he is batting .239 (17 for 71) with 23 strikeouts in his first exposure to major-league pitching — and the rookie-averse strike zones of major-league umpires.INJURY UPDATESOutfielder A.J. Pollock received treatment for the contusion suffered to his left knee when he was hit by a pitch Friday night but was not in the starting lineup. Dodgers manager Dave Roberts said Pollock was available to pinch-hit Saturday and would be in the lineup Sunday.“After the X-rays came back negative, I think there was a lot of relief,” Roberts said Saturday.Meanwhile, Justin Turner missed another game with back tightness and Roberts said he doesn’t expect him to play Sunday either. Turner has not played since Tuesday and only has eight at-bats since Sept. 8 thanks to an ankle injury and the back issue.Roberts said Turner’s back had improved “but the improvement, to justify running him out there today, didn’t make a whole lot of sense.” Roberts said it was “not imperative” for Turner to play before a simulated-game planned for Tuesday’s workout.“Need? No. I’d like to see him in there, take a couple at-bats. But if it doesn’t happen with JT — it’s a simple swing and he really understands his mechanics,” Roberts said. “When he feels good, he performs.Related Articles Newsroom GuidelinesNews TipsContact UsReport an Error SAN FRANCISCO — It’s not like Gavin Lux has never been to the postseason.After he finished his season with Double-A Tulsa a year ago, the Wisconsin native went home for the fall — and the postseason came to him. When the Dodgers faced the Milwaukee Brewers in the NL Championship Series, Lux was there.“I went to all the games in Milwaukee,” he said. “I ended up going to every game with someone different whether it was one of my buddies, my dad, my uncle.“It was awesome. The atmosphere was unbelievable. It was loud. The stands were shaking. Everyone was standing the whole game. It was a really good experience. You kind of use that as motivation to be a part of what happens here.” “If he wasn’t able to kind of move around and swing the bat (in the batting cage), it would probably be a little more of a concern. But since he’s doing that, I feel confident that he’ll be fine.”Roberts said Turner’s health issues during the past three weeks have not risen to the level of impacting the composition of the postseason roster.“As we sit here today, no,” he said.UP NEXTDodgers (LHP Rich Hill 4-1, 2.59 ERA) at Giants (TBD), 12:05 p.m., SportsNet LA (where available), AM 570center_img How Dodgers pitcher Ross Stripling topped the baseball podcast empire Since making his big-league debut on Sept. 2, Lux has been playing with the potential of a postseason roster spot hanging in front of him like a carrot on a stick. He has tried to ignore it but admits it isn’t easy.“It’s hard not to think about it. It’s hard to try not to press a little bit,” Lux said. “You want to impress people and you want to be a part of what happens in the postseason. You want to help the team win in the postseason and you feel like you can do that.“You just go out there and try to take care of your business. But at the end of the day it’s hard not to think about what could happen in the next couple weeks.”The previous few weeks can be divided into phases. Lux admits his first games in the big leagues were out-of-body experiences. It took a while before he could “feel like myself.”“It’s just the environment, the culture change from what I was used to in the minor leagues,” Lux said. “In the minors, you go to the field and do your own thing mostly. Here, there’s more to it obviously. Now you’re playing in from of 50,000 people instead of 500. Dodgers’ Max Muncy trying to work his way out of slow start Cody Bellinger homer gives Dodgers their first walkoff win of season last_img read more

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BiH Football Team is on UEFA Top 10 For First Time

first_imgThe BiH football team broke another record, according to research from Anadolija research agency. After the BiH team achieved the best ranking of the FIFA list (14th place), they have made history in the European rankings. For the first time, the BiH team is in the top 10 of the national representations that compete in the UEFA zone. They have advanced two spots from June to July, and are now in 9th place in Europe.(Source: Vijesti.ba)last_img

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