Issue details
Payment Support Options to Leaseholders for Repayment of Decent Homes/Major Works Recharges
Agree a discount of 5% for prompt payment for
major works invoices over £2000 to all leaseholders
Offer interest-free payment options to resident owner occupier
leaseholders only
Offer interest-free payment options to non-resident owner occupy
under defined circumstances
Consider the levels of income of any leaseholders before offering
interest-free payments
Reduce the current interest rate for extended payment options
longer than the 3 year interest free period to 5.34% from the
current 8.895%
Authorise the Corporate Director Development and Renewal after
consultation with the Assistant Chief Executive (Legal Services) to
enter into all necessary documents to implement the decisions made
in respect of this report.
Decision type: Key
Decision status: Recommendations Approved
Wards affected: (All Wards);
Notice of proposed decision first published: 08/01/2013
Decision due: 9 Jan 13 by Cabinet - Expired
Lead member: Councillor Rabina Khan rabina@rabinakhan.com
Lead director: Aman Dalvi
Department: Development and Renewal
Contact: Jackie Odunoye odunoye@hotmail.com.
Consultation process
Stage One - Notices of Intent were issued to
all THH Leaseholders on 13 February 2012 and closed on 20th March
2012.
Leaseholder Stage One consultation process has been completed
Leaseholder Stage Two consultations will commence after the DH
procurement for years 3, 4 and 5 tender evaluations has been
completed and preferred contractors identified.
Consultees
Consultation Programme Board (LBTH and THH) -
Via reports and meetings
Consultation with the Mayor - via reports, briefings and
meeting
Consultation with Cabinet Member for Housing - via reports,
briefing and meeting
Has an Equality Analysis been carried out and if so the result of this Assessment?: n/a
What supporting documents or other information will be available?: Decent Homes Backlog Funding - 8th June 2011 Cabinet Decent Homes Funding Gap Options for 2011-2015 - 7th September Cabinet LBTH/THH Capital Programme Main Board and Sub-Group Meetings Decent Homes Section 20 Update - works and consultancy services Leasehold Policy Review
Decisions
- 09/01/2013 - Payment Support Options to Leaseholders for Repayment of Decent Homes/Major Works Recharges
Agenda items
- 09/01/2013 - Cabinet - Expired Payment Support Options to Leaseholders for Repayment of Decent Homes/Major Works Recharges 09/01/2013