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  • Issue
  • Issue details

    Local Authority Mortgage Scheme - 12/01841

    To agree to provide district councils with a conditional loan to support partnership arrangements to underwrite a local authority backed mortgage assistance scheme for first time buyers

    Decision type: Key

    Decision status: Implemented

    Decision due: 15 May 2012 by Cabinet Member for Finance & Business Support

    Department: Strategic & Corporate Services

    Contact: Dave Shipton, Head of Finance Policy, Planning and Strategy Email: dave.shipton@kent.gov.uk Tel: 01622 694597, Brian Horton, Strategic Housing Advisor Email: brian@hortonstrategic.com.

    Consultation process

    N/a

    Consultees

    Informing Only

    Who and when?

    N/A

     

    Who is it necessary to consult?

    N/A

     

    Has the matter already been discussed by a Policy, Overview and Scrutiny Committee?:

    N/A

    Is the matter referred to in your Business Plan or Medium Term Capital Programme?

    Yes

     

    Closing date for consultation/receiving comments:

    N/A

     

    Financial implications: Brian Horton, Strategic Housing Advisor, 01622221947, brian.horton@kent.gov.uk Dave Shipton, Acting Head of Financial Strategy, 01622 694597 Dave.shipton@kent.gov.uk

    Legal implications: 12/01841

    Equalities implications: The scheme is intended to provide up to £1m per district (with the options for more in certain circumstances) for districts to invest in order to take advantage of cash backed indemnity schemes offered by mortgage providers. Approval of indemnified mortgages will be determined by the mortgage lender but are likely to apply to more than one electoral district

    Documents