LOBO

The request was successful.

Dear Carmarthenshire Council,

Please advise:

1. How many Lender Option Borrower Option (LOBO) loans the Council has taken out with payments still outstanding?
2. For each - the original loan value, the interest, and the final amount which will have been paid out when the loan term ends?

Yours faithfully,

H Spencer

FOIA, Carmarthenshire County Council

Dear Sir /Madam

Thank you for your request for information, which was received on 25th September, 2017 and is being dealt with under the Freedom of Information Act 2000.

We are therefore required to provide a response within 20 working days, which will be on or before 23rd October, 2017.

If we require clarification we will also contact you as soon as we can – please note that the timescale for response specified above may be subject to change if this is the case.

In the meantime, please do not hesitate to contact me should you have any queries, remembering to quote the reference number above in any communications.

Yours faithfully

John Tillman
Swyddog Gwybodaeth a Diogelu Data
(Rheolwr) Tîm Llywodraethu Gwybodaeth a Chwynion Adran Adfywio a Pholisi Cyngor Sir Gaerfyrddin Information & Data Protection Officer

(Manager) Information Governance & Complaints Team Regeneration & Policy Department Carmarthenshire County Council
Mewnol/Internal: 4127
Allanol/External: 01267 224127

show quoted sections

FOIA, Carmarthenshire County Council

Dear Sir/Madam,
 
Thank you for your request for information, which was received on 25^th
September, 2017 and has been dealt with under the Freedom of Information
Act 2000.
 
The specific information you requested was as follows:
 

 1. How many Lender Option Borrower Option (LOBO) loans the Council has
taken out with payments still outstanding?

 
1
 

 2. For each - the original loan value, the interest, and the final amount
which will have been paid out when the loan term ends?

 
The original draw down amount on the 18th April 2001 was for £3m.
 
If the current interest rate of 4.72% does not change to the end of the
loan term on 18th April 2055, then the total interest amount paid in that
time will be £7.6m.
 
Yours faithfully
John Tillman
Swyddog Gwybodaeth a Diogelu Data
Adran y Prif Weithredwr
Cyngor Sir Gaerfyrddin
Information & Data Protection Officer
Chief Executive's Department
Carmarthenshire County Council
Mewnol/Internal: 4127
Allanol/External: 01267 224127