Council Loans

Anonymous User (Account suspended) made this Freedom of Information request to Brighton and Hove City Council

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Anonymous User (Account suspended)

Can you tell me how many "lender option borrower option" loans the council has taken out with banks in a) 2009, b) 2010, c) 2011, d) 2012, e) 2013 and f) so far in 2014 including the value and length of each loan the lending bank please?

How much has the council already paid back on these loans in a) 2009, b) 2010, c) 2011, d) 2012, e) 2013 and f) so far in 2014?

How much more remains to be paid on these loans and within what time frame?

Has the council defaulted on any of these loans and if so when?

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Brighton and Hove City Council

Please see below response to FOI 4024:

The below table sets out our LOBO holdings over the years requested:

Financial Year Loan Number Lender Loan Value Length of Loan (assuming No options exercised)
2008/09 No new LOBOs entered into
2009/10 No new LOBOs entered into
2010/11 10019 Royal Bank of Scotland £10,000,000 49 Years
10020 Royal Bank of Scotland £10,000,000 49 Years
2011/12 10021 Royal Bank of Scotland £10,000,000 48 Years
2012/13 No new LOBOs entered into
2013/14 No new LOBOs entered into

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