Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
*RESOLVED -
1. That the limited progress of the Local Authority Mortgage Scheme (LAMS) be noted.
2. That the proposal to raise the maximum loan size to £142,500 be approved, so that applicants would be able to consider properties up to the value of £150,000, and to match that of the Derbyshire County Council-wide LAMS scheme. This would raise the maximum indemnity for an individual property from £24,000 to £30,000.
3. That a new round of publicity for the scheme be carried out.
Other reasons / organisations consulted
Meetings
Consultees
Assistant Executive Member
Contact: James Crouch 01246 345150 Email: james.crouch@chesterfield.gov.uk Tel: 01246 345150.
Report author: James Crouch
Publication date: 25/03/2014
Date of decision: 25/03/2014
Decided at meeting: 25/03/2014 - Cabinet
Effective from: 31/03/2014
Accompanying Documents: