BHS in Southport
Go Green this April for the NSPCC
BHS in Southport are
turning NSPCC Green this April, to help raise money for children and
young people and customers are being urged to come along and support
their fundraising efforts.
The Southport store are taking on an emerald hue for the month, and
holding a host of special fundraising activities including staff
wearing green, cake sales, raffles, fancy dress and bucket
collections to raise money for the children's charity.
Simon Moss Head of Retail Operations at BHS said:- "Our staff
at BHS stores are always keen to raise money for the NSPCC and we're
looking forward to hosting a series of fun green themed activities
to support such a worthy cause. We hope that all our customers will
get behind us and join in the green themed fun to help us raise even
Their Go Green activity is taking place throughout April and the
high street retailer hope their efforts will help raise awareness
for the NSPCC.
Alison Roberts, NSPCC Fundraising
Account Manager, said:- "It's great that BHS are 'Going NSPCC
Green' for us and are committed to raising vital funds to support
children and young people in Merseyside and across the UK.
As a volunteer-led charity we rely on the generosity of the public
and we are especially grateful to all those donning their
fundraising caps and helping to bring in the pounds for our
BHS, the UK's major high street retailer have been supporting the
NSPCC since 2006 and have raised over £1million for the NSPCC. They
have committed to continue to raise more money through 2013/2014.
The BHS Go Green activity will help raise money to support the
NSPCCs services across the region and the UK. It could pay for more
ChildLine counsellors to answer contacts from children by phone and
online; help the NSPCC answer more calls from adults with concerns
about a child; and enable the charity to develop innovative and
pioneering services for children who have suffered abuse and harm.
For further ways of supporting the NSPCC locally please visit:-
mortgage 'top-up' scheme
A £3 million initiative to
assist first-time buyers onto the property ladder is proving to be a
big success in Liverpool, with 80 families helped to secure a home
in just 2 years.
The Council's 'Local Authority Mortgage Scheme', delivered in
partnership with Lloyds Banking Group, was launched in 2012. It sees
the Council placing funds with Lloyds to underwrite 'top-ups'
of up to 20% on mortgage loans. It means Lloyds can boost the amount
made available to first time buyers, offering them 95% mortgages on
similar terms to a 75% mortgage, but without the need to provide the
large deposit usually required.
Liverpool City Council has so far invested £2 million pound in the
scheme; with £1 million more to come; as part of the Mayor's
pledge to support house buyers and help kick start the housing
market in the City. The latest figures, with 80 families helped into
their first house, show the scheme is having a real impact in making
the housing market more accessible to first time buyers.
One young couple who have benefited from the scheme is David Kelly,
26 and his partner Jennifer, 25, from Anfield. Living with
Jennifer's mum's, and with a baby on the way, they were finding it
difficult to find the money they needed for a deposit for their
first home. Then, 7 months ago, David got the details about
the Local Authority Mortgage scheme from the City Council's website
and contacted Lloyds. On Christmas Eve last year, David and Jennifer
moved into their new house in Norris Green; just in time for the
arrival of their baby.
David said:- "We did have some savings towards a deposit, but
it wasn't enough. It was a real struggle, and we were thinking that
we were going to have to rent. This scheme has been a real help.
Once we contacted Lloyds, the whole thing was really straightforward
and there were no issues. This scheme has made it possible for us to
get onto the property ladder, and it has also freed up money that
we've been able to spend on the house. We're really pleased, because
without this help, we'd still be renting, rather than having our own
Cabinet Member for Housing, Councillor Ann O'Byrne, said:-
"It's great news that our mortgage scheme is making such a
difference to house buyers in Liverpool, and that it's helping so
many local people get onto the property ladder.
This investment from the City Council is about helping people
overcome the difficult economic times, supporting first-time buyers
who are finding it increasingly difficult to become home owners, and
stimulating our housing market. It's another great example of how we
are working creatively with partners to deliver services which
improve people's lives.
This is an on-going scheme, which is open to all first-time buyers
in the City, so I'd urge anyone who is struggling to find the
deposit for their first home to get into touch with Lloyds. Even
better, we'll be investing a further million pound in the initiative
in the future, so we can help even more local families make their
dream to purchase a house a reality."
Raising a deposit has become a major hurdle for many first-time
buyers, because, in the current climate, most lenders are only
prepared to provide a maximum of 75 to 80% of the value of the
property, even if the applicant can afford a 95% mortgage. This
means that buyers have effectively needed to find a deposit for 25%
of the purchase price, which is out of the reach of many.
By taking on the role of 'helper' through the Lend a Hand
scheme, the City Council is helping relieve the burden on housebuyers. It means that, for a £100,000 property, buyers only
have to pay a deposit of £5,000, rather than £25,000.
The money invested in the scheme from the City Council is placed in
a high interest account which can be used to cover any defaults in
payments from lenders. The indemnity would only be called upon if a
loss is made by Lloyds. Any interest made by the Council is ploughed
back into the scheme to help fund further mortgages.
Subject to Lloyds' usual lending criteria, first-time buyers are
able to select a property within the local authority area, and
borrow up to a maximum loan size of £125,000. They will put down a
minimum 5% of the property price, and the City Council will provide
a cash backed indemnity; in place for a fixed five-year period for
each mortgage granted; of up to 20%, as additional security.
The scheme specifically targets older houses in the City and is not
available for new-build properties. The scheme is also not available
for buy-to-let or right-to-buy purchases.
Those interested in the scheme should visit their local branch of
Lloyds Bank for more information.