Decision details

Local Authority Mortgage Support Scheme (LAMS) Update (H000)

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

*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: