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95% mortgages are once again available to first time buyers

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mortgages

The property market in the United Kingdom has gotten a double dosage of support to keep it afloat. A new government scheme allows mortgage lenders to issue loans up to 95 percent of a property’s worth, which is particularly beneficial to first-time purchasers. Additionally, the stamp duty holiday has been extended till June 30th.

This good news for homeowners comes as a number of lenders seek to loosen their lending standards in order to accommodate those with poor credit or sporadic income. Boris Johnson hinted at the 95 percent mortgage programme back in October when he declared that he wants to “transform Generation Rent into Generation Buy.”

The scheme, which will be available from April, would allow homebuyers to acquire properties valued up to £600,000 with just a 5% mortgage. It is available to both first-time purchasers and current homeowners.

What is the 95 percent mortgage arrangement and how does it work?

The programme is identical to the old Help to Buy mortgage guarantee programme, which was closed to new applicants in 2017. (not to be confused with the Help to Buy equity loan scheme, which is still ongoing and is another way to buy with a 5 percent deposit).

Under the new approach, borrowers looking properties for sale including houses for sale in Bicester, taking out a mortgage should not perceive any practical difference at their end. Lenders (banks and building societies) will be encouraged to give 95 percent mortgages once more, under the condition that the government will guarantee outstanding loans if the buyer defaults and there is insufficient equity to repay the loan and provide a margin to the lender.

However, the same affordability checks will apply – these mortgages will not be available to everyone with a 5% deposit. Homebuyers must demonstrate that they can comfortably afford the monthly repayments after covering other needed expenses.

With the mortgage guarantee scheme, how much of a deposit will I need?

A 95 percent mortgage covers 95% of a property’s sale price, so you’ll still need to come up with 5% of the purchase price in cash – i.e. your mortgage deposit. Given that most lenders didn’t offer anything more generous than an 85% mortgage (requiring a 15% deposit) until recently, this means that first-time buyers may only need to save a third of what they would have needed previously. When spoken in this manner, it appears to be extremely charitable.

However, given the current state of UK housing prices, even a 5% increase can be far more significant than it appears. According to Rightmove data based on typical house prices, the UK average 5% deposit would be approximately £16,000, with the cheapest location (the North East) having a deposit of nearly £8,000. In the South East, this amount exceeds £20,000, while in London, it exceeds £31,000. It will be difficult to save these sums in their respective regions.

Is the mortgage guarantee programme beneficial to the housing market?

The government’s new strategy is a risky move in any case. It entails direct state intervention in the property market once again, this time by meddling with the underlying idea of mortgage financing.

Traditionally, a mortgage lender will provide you a loan with the understanding that if you don’t return it, they will be able to repossess your home and collect their money (along with making a sufficient profit to stay in business).

During periods of rising property prices, this approach has worked successfully because the resale value of a home usually pays the outstanding debt. As a result, during the property boom of the early 2000s, mortgages of 90%, 95%, and even 100% (or more) were popular, as house price inflation of roughly 10% ensured that lenders were always protected. All of that changed after the 2008 financial crisis, and very high LTV mortgages are now rare or non-existent.

Lenders’ reluctance to provide high LTV mortgages reflects their concern of a housing market meltdown. On the other hand, the government’s promise to guarantee such loans indicates that they intend to do all possible to maintain those prices high.

They are effectively ‘wagering against’ such a market decline. For first-time buyers, this stabilisation of house prices is a mixed blessing – but for the time being, the best thing they can do is take advantage of this opportunity to buy a property as cheaply as possible.

Some in the sector have applauded the decision. ‘A mortgage guarantee plan will help first-time buyers get on the housing ladder at a time when owning a home seems an unachievable dream for many,’ said Mark Hayward, chief policy adviser at Propertymark.

Along with the prospective extension of the stamp duty holiday that we have been advocating for, this new initiative will go some way toward giving hope to first-time buyers at a time when the size of deposits necessary prevents them from getting past the first barrier.

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Top 15 Best Washing Machines in India

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Best Washing Machines in India

I know you are looking for the best washing machine in India. I am here to help!

Have you seen a house without a washing machine these days? I am sure you have not.

Now a days, there are so many options in the market. Thats why it is so difficult to make a decision. On the other hand, it is very easy to get confused and settle for a substandard product.

This article is basically a guide and a list for you to make an informed decision. On your own!

Here are the Top 15 Best Washing Machines in India. It includes different types, brands, and models.

Top 15 Best Washing Machine in India (2020)

Front-load

1.  LG 8 kg Inverter Fully-Automatic Front Loading Washing Machine (FHT1208SWW, White, Inbuilt Heater)

  • LG has its washing machine on no.1. It’s a fully-automatic front-loading washing machine with the best wash quality, energy, and water-efficient.
  • The machine has a capacity of 8 kg. It means it is suitable for families with 5 to 8 members.
  • It comes with a Warranty: 2 Years comprehensive & 10 Years on the Motor
  • Useful Wash programs like Cotton, baby steam care, delicate, wool, rinse + spin, duvet, gentle care, allergy care, duvet, sportswear, quick 30 programs & stain care help you a lot.
  • The machine has 1200 rpm implying that Higher spin speeds help in faster drying.
  • Also, there are special features: Smart ThinQwith Wi-Fi, chrome door, touch panel, Slim size, 6 motion DD, crease care, Jog Dial, child lock, Tub Clean, Smart diagnosis system, Fuzzy Logic & pre-wash.

2. Samsung WW65M206L0W/TL – 6.5 kg – Best Front Load Fully Automatic Washing Machine

Samsung is a renowned brand in home appliances. Its name is almost second nature when it comes to electronics. Its fully-automatic front-loading washing machine is at number 2.

  • The Capacity is at 6.5 kg. It makes it suitable for families with 3 to 4 members
  • There is a Warranty of 3 years on product
  • 1000 RPM of the machine means that Higher the spin speed, faster the drying time
  • Special features: Diamond drum, White body plus chrome door, touch panel

3. IFB 8 Kg Fully Automatic Front-Loading Washing Machine – Senator Aqua SX

International brand IFB has its home appliances at number 3. Its fully-automatic front load washing machine has great wash quality. It is energy and water-efficient.

  • The Capacity is 8 kg, making it suitable for families with 5 or more members. The door opening angle is 180 degree and the door diameter is 320 mm
  • Warranty of 4 years on product and 4 years on the motor is good.
  • It has a 1400 rpm: Higher the spin speed, faster the drying time
  • Special Features: Wash Care Programs 1: Cotton heavily soiled, cotton normally soiled, daily wash, lingerie, program repeat, silk special, curtains, mixed fabric, and wool or hand wash additives

4. Bosch 7 Kg Fully-Automatic Front-Loading Washing Machine – WAK24268IN

The international brand Bosch is well known and reputed for its appliances. On number 4 is its fully automatic front-loading washing machine.

  • Capacity 7 kg: Suitable for families with 3 to 4 members
  • Warranty: 2 years on product and 10 years on motor
  • 1200 RPM: Higher the spin speed, faster the drying time
  • Super 15 program: It has a program which helps to conveniently freshen up lightly-soiled laundry in just 15 minutes with Super 15
  • Consumption: energy – 0.99 kWh; water – 47 litres
  • Programs: Synthetics, Hygiene, Delicate/Silk, Daily wash, Wool, Cotton

5. LG FH0FANDNL02 Front-Loading Washing Machine 6 Kg Inverter Fully-Automatic

This brand LG has a wide range of appliances and is renowned. Its machine on number 5 is its fully-automatic front load washing machine with best wash quality, energy, and water efficiency

  • The Capacity of 6 kg is suitable for bachelors & couples
  • Warranty is of 2 years on product and 10 years on motor
  • The machine has 1000 rpm: Higher the spin speed, faster the drying time
  • Special Features:
    • Direct drive technology and 6 motion.
    • Temperature Range-Cold/20/30/40/60/95℃. Spin Speeds (rpm)-1000/800/600/400/No spin. Tub Clean
    • Full touch panel, Inverter Control
    • Smart diagnosis

 

6. Samsung WW60M206LMW/TL 6 Kg Fully Automatic Front-Loading Washing Machine

Samsung is a large and old brand, well known for its myriad electronics. Its machine on number 6 is its fully-automatic front load washing machine with best wash quality, energy, and water efficiency

  • There is a Capacity of 6 kg making it suitable for bachelors & couples
  • The Warranty of 3 years on product and 10 years warranty on DIT is good.
  • A 1000 rpm of the machine means that “Higher the spin speed, faster the drying time”
  • Special features:
    • Digital Inverter technology,
    • Aqua stop,
    • diamond drum,
    • silver wash,
    • big capacity wild door, and user-friendly display
    • Ceramic heaters prevent calcium compound build-up which otherwise absorbs more electricity and requires special detergents to dissolve

Top Load

7. Samsung – WA62M4100HY/TL

The well-known company Samsung has its machine at number 7. It has its fully-automatic top load washing machine weighing 6.2 kg.

  • Warranty of 2 years comprehensive warranty on product and 4 years on motor is good.
  • Features: air turbo, auto restart, child lock, magic filter, tempered glass window, drum-type – diamond drum, pulsator- center jet, water level – 5 levels
  • Cycles: blanket, delicates, eco tub clean, additional cycle – normal, quick wash, soak plus normal, number of cycles – 6
  • Physical specification: Voltage/frequency– 220/50, drum material- SS

8. Samsung – WA65M4100HV/TL

Number 8 is also from Samsung. This shows the quality of the products that they are producing is consistently good. Fully-automatic top-loading washing machine with 6.5 kg capacity.

  • There is a warranty of 2 years on product, and 4 years on the motor;
  • It comes with 5 Levels of Water Level;
  • The Voltage/Frequency: 220/50; Additional Cycles: Normal, Quick Qash, Soak+Normal
  • The machine has a capacity of 6.5 kg. So, it is suitable for families with 3 to 4 members
    • Special features:
    • easy iron,
    • smart check,
    • child lock,
    • air turbo,
    • drum-type: diamond,
    • eco tub clean

9. IFB – TL-RDSS 6.5 KG Aqua

International brand IFB also has top-loading machines. Its fully automatic top-load washing machine is number 9.

  • The fully-automatic top load washing machine is affordable with great wash quality. Also, it is easy to use
  • Capacity 6.5 kg: Suitable for families with 3 to 4 members;
  • Maximum Connected Load (Watts): 360 ;
  • Power Supply: AC 220 – 240/ 50Hz; Water Pressure: 0.3 bar to 8 bar
  • Warranty: 4 years comprehensive warranty and 10 years spare part support
  • 720 rpm: Higher the spin speed, the faster the drying time
  • Water Level: 8
  • Special Features: Water Inlet Selection: Cold
  • A big LED display screen is the new range of top loader washing machines that will complement your home decor and you will definitely find them easy to use too.

10. Onida – CRYSTAL – T62CG

Onida is an old-timer in the field of electronics, especially heard in the range of television sets. Its fully-automatic top-loading washing machine is at number 10.

  • The machine has a capacity of 6.2 kg. Thus, it is suitable for bachelors and couples.
  • There is a warranty of 2 years on product and 10 years on motor
  • The speed is 1000 RPM. So, higher the spin speed, faster the drying time
  • Special features: Max Spin Speed: 1350 rpm, Stainless steel drum

Semi-Automatic

11. Whirlpool – SUPERB ATOM 70S

Whirlpool is an international biggie that has adapted to the Indian market needs perfectly, over the years.

  • This one is a semi-automatic top-loading washing machine with a 7 kg capacity
  • Secondly, there are 3 wash programs;
    • Wash Timer (min): 15;
    • Spin Time: 5mins;
    • Maximum Spin Speed (rpm): 1450
  • Also, it comes with a Warranty of 2 years on the product, 5 years on the motor.
  • Super soak – easy removal of tough dirt by continuous soaking and scrubbing action for 25 minutes with super soak technology
  • Impeller – Impeller provides perfect motion for clothes to remove dirt effectively
  • Inbuilt collar scrubber – the machine has been equipped with a special scrubber to give a perfect wash every time

12. LG – P7550R3FA

South Korean company LG has come a long way in India. Its semi-automatic machine is at no 12.

  • It is a semi-automatic top-loading washing machine with a capacity of 6.5 kg. It is suitable for families with 3 to 4 members
  • The machine gives a warranty of 2 years of comprehensive warranty on the product
  • The speed is 1300 RPM: The higher the spin speed, the faster the drying time
  • Special features:
    • 3 Wash Programs: Gentle, normal and strong,
    • Lint Collector, Collar Scrubber, Rat Away Technology

13. Samsung 7.2Kg Semi-Automatic Top-Loading Washing Machine (WT725QPNDMP)

If you are looking for a semi-automatic top-loading machine for a medium-sized family, then this one is it. This semi-automatic machine is the most economical and consumes the least water and energy. But it involves manual effort

  • The Capacity of the machine is 7.2 kg. It is suitable for families with 3 to 4 members
  • The Warranty is 2 years on product, 5 years on motor,
  • Rust Proof Plastic Body
  • 1000 rpm: Higher the spin speed, faster the drying time;
  • Net (WxHxD): 800 x 935 x 502 mm; Voltage: 220 Volt, Frequency: 50 Hz;
  • Additional features: Child lock and Dual Jet System
  • Special features: Wash programs: Normal, intensive and delicate.
  • Its buzzer helps you to keep score of your time by alerting you when the washing is done.
  • Air Turbo Drying system

14. AmazonBasics 10.2 kg Semi-automatic Washing Machine

For someone looking for a semi-automatic machine with efficiency, this is it. This one uses less water and low energy.

  • It is suitable for a family of 6 to 7.
  • The Warranty is 2 years on product, 5 years on motor
  • It has both washing and drying processes. And a separate spinning tub for drying.
  • 1300 rpm: Higher the spin speed, faster the drying time
  • Additional features: Buzzer, Castor Wheel, Twin Water Inlet and Lint Filter, Punch-type Pulsator,
  • Special features: Anti-rust plastic body in white color with a water-proof and shock-proof panel
  • Chrome knobs on dial and silver handles enhance the look of the washing machine. It has a transparent lid which gives a view of the wash and spin cycles in progress

15. Haier 7.2 kg Semi-Automatic Top Loading Washing Machine

If you are looking for value for money, then this one is for you. This one is popular with customers for its economical feature.

  • The machine has 2 good wash programs.
  • It has a warranty of 2 years on product and 5 years on motor
  • Spray: It is a design to divide water into separate flows and intensity, for better cleaning.
  • Anti-rat mesh to keep rats away.
  • This one has a rust-free body (plastic exterior).
  • It has castors to support the 4 legs of the machine.

All these branded washing machines are very popular because of their durability and ease of use. When you buy these new, they come with limited period of warranty within which company replace completely new or spare parts for free. But, after the period is over, you need to hire a professional company who provides washing machine repair service in Kolkata at your doorstep.

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Home Improvement

An Extensive Purchase Guide for Shutter Blinds

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An Extensive Purchase Guide for Shutter Blinds

On several occasions, it has been noted that unsuitable window treatments have been installed because the clients were unaware of the essential points vital for the purchase process of shutter blinds. So, to avoid selecting the wrong window treatments; it is recommended to focus on the points of purchase guide mentioned in the below points.

Why Is Shutter Blinds Purchase Guide Important?

As mentioned above, people make mistakes of measuring the size of the windows inappropriately, selecting the wrong colour and style, and the working mechanism is not proper. So, it is best to take into account the points of the purchase guide.

Vital Elements of The Extensive Purchase Guide

The purchase guide contains several critical points that will help clients choose the right window blinds and shutters for their properties. The following vital elements of the purchase guide have to be considered;

Understanding Your Requirements

The first and most essential point that the clients have to think over is to know what are your requirements. These requirements are knowing where you have to install the window treatments, the window facing the sun, how much noise you need to curtail, and the shapes of the windows.

Finding the Right Companies

The internet is filled with information about different window treatment companies, but it has to be noted that not all are the same. You have to look into the services, quality of products, and after-installation facilities these businesses are providing. Compare your requirements with the facilities by these companies and choose what you need.

Considering the Australian Weather

The Australian weather is becoming more extreme with each passing year. So, the companies, including Outdoor Blinds Southwest, will look into the climate conditions in the area and then select the material for the blinds and shutters.

Operational Mechanism You Want to Have

The window shutter blinds suppliers have several options of operational mechanisms for the clients to choose from. These include manual operation through ropes and cords, remote-controlled, timed devices for opening and closing. Children and pets also determine the decision of the type of mechanism in the house.

Material Most Suitable

As discussed in one of the above points, the Australian weather is becoming extreme, so the house needs to be protected. The window blinds and shutters have to be made from materials that can withstand harsh weather conditions. Waterproof outdoor blinds are one of the best options for protecting the water.

Looking into the Benefits of Shutters and Blinds

The blinds and shutters give great benefits to the property in many different ways. The shutters and blinds protect the house from harmful elements, keeping the house cool in summer and warm in winters, safeguarding the furniture lying outside.

Know the Price of Shutter Blinds

The price of the window treatments is an essential element of the purchase guide because you don’t want to pay a higher price. The quality of the materials, the operation mechanism you choose, and the style and pattern of the shutter blinds determine the right price.

Below are a few questions that will help you understand the purchase guide of the window shutters and blinds even more. 

Frequently Asked Questions

What to know when buying shutters?

When buying shutter blinds, a few critical points have to be considered, like; the type of shutters you want, the quality of the materials, how much maintenance is required, the best operational mechanism, and how long the shutters will last.

How do you measure shutter blinds?

For the rectangle windows, the measurement has to be taken on three levels. The measures have to be taken from the top of the window, the second from the middle, and the third from the bottom.

How wide are shutter blinds?

You can order the outdoor roller shutters’ length to be 750mm wide, and the blinds can be four by four meters in measurement. If the window is larger than the standard measurement, you can divide the shutters and blinds into sections.

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Health hazards of asbestos and why it’s important to get rid of it

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hazards of asbestos

Asbestos is a hazardous material that was once commonly used in construction. However, it has been linked to serious health problems, so it’s important to get rid of any asbestos abatement you may have in your home or near your home. This blog post will discuss the health hazards of asbestos and how to get rid of it safely. Stay safe and healthy.

1. What asbestos is and where it’s commonly found
Asbestos abatement is a naturally occurring mineral that is composed of long, thin fibers. It has been used extensively in a variety of industries due to its resistance to heat, flame, and chemicals. However, asbestos exposure can lead to a number of serious health problems, including lung cancer and mesothelioma. Asbestos is commonly found in older homes and buildings in the form of insulation or fireproofing material. It can also be found in a variety of products, such as floor tiles and brake pads. If you suspect that you may have been exposed to asbestos, it is important to seek medical attention as soon as possible. Early detection and treatment of asbestos-related diseases can improve your chances of a successful recovery.

2. The health risks associated with asbestos exposure

Asbestos is a naturally occurring mineral that was once widely used in a variety of industries due to its heat-resistant properties. However, exposure to asbestos fibers can lead to a number of serious health problems, including mesothelioma, lung cancer, and asbestosis. Symptoms of these conditions may not appear until years after exposure, making it difficult to diagnose and treat them. As a result, exposure to asbestos can have serious consequences for both the individual and their family. Anyone who has been exposed to asbestos should consult a doctor as soon as possible to ensure that they are not at risk of developing any health problems.

3. How to identify asbestos in your home and what to do if you find it

Asbestos is a fibrous mineral that was once widely used in a variety of construction materials. While it is no longer used in new buildings, it can still be found in many older homes. Asbestos exposure can cause a number of serious health problems, including lung cancer and mesothelioma. If you suspect that your home may contain asbestos, there are a few ways to check. First, take a look at any old insulation or fireproofing material. If it is crumbly or powdery, it may contain asbestos. In addition, check for any damaged or frayed floor tiles, brake pads, or other materials that may contain the substance. If you do find asbestos in your home, do not try to remove it yourself. Instead, contact a professional who is trained in handling the material safely. With proper precau

tions, you can protect yourself and your family from the dangers of asbestos exposure.

Conclusion

Asbestos is a health hazard that can cause cancer and other diseases.

-It’s important to get rid of asbestos because it’s a health risk to everyone who comes in contact with it.  -There are safe ways to get rid of asbestos, so there is no reason to wait. -You can protect yourself and your family by getting rid of asbestos.

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