Issue - decisions

Local Authority Mortgage Scheme Update Report - take up of mortgages

25/03/2014 - Local Authority Mortgage Support Scheme (LAMS) Update (H000)

*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.