Decision details

Payment options for leaseholder receiving estimated major works invoices

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1.1.            That approval be given to offer the following menu of interest free payment options for resident leaseholders and non-resident leaseholders who own a single property: 

 

Invoiced amount

Interest free period available

< £3,500

12 months

£3,500 - £5,500

18 months

£5,500 - £7,500

24 months

£7,500 - £10,000

30 months

> £10,000

36 months

 

1.2.            That interest bearing instalment plans be offered to non-resident leaseholders who may own more than one leasehold property based on the same number of instalments as set out above, be approved.

 

1.3.            That authority be delegated to the Executive Director of Housing and Regeneration, acting through the Head of Leasehold Services, to consider any applications on the grounds of hardship from leaseholders to allow additional instalments.

Publication date: 04/09/2013

Date of decision: 02/09/2013

Decided at meeting: 02/09/2013 - Cabinet

Effective from: 09/09/2013

Accompanying Documents: