Decision details
Local Authority Mortgage Rate for Mortgages granted Under Housing Act, 1985
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
The purpose of this report is in accordance
with section 438 of the Housing Act 1985 to make the statutory
declaration of the local authority mortgage interest rate from 1
October 2011
Decisions:
The report of the Leader of the Council in the absence of the Portfolio Holder for Corporate Services and Assets, in accordance with section 438 of the Housing Act 1985, making the statutory declaration of the local authority mortgage rate from 1 October was considered.
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RESOLVED |
That Cabinet approved the following: |
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1 |
the statutory declaration of interest was to be charged at 6.87%, and; |
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2 |
the rate to be reviewed again in 6 months. |
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(Moved by Councillor D Cook and seconded by Councillor M Oates) |
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Report author: Michael Buckland
Publication date: 04/10/2011
Date of decision: 21/09/2011
Decided at meeting: 21/09/2011 - Cabinet
Accompanying Documents:
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