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.