Details of LOBO loan borrowing and brokerage arrangements

Jamie Griffiths made this Freedom of Information request to Notting Hill Genesis
This authority is not subject to FOI law, so is not legally obliged to respond (details).


This request has been closed to new correspondence. Contact us if you think it should be reopened.

Response to this request is long overdue. Although not legally required to do so, we would have expected Notting Hill Genesis to have responded by now (details). You can complain by requesting an internal review.

Jamie Griffiths

Dear Notting Hill Housing Association,

Please provide the following information for Lender Option, Borrower Option (LOBO) loans taken out by the housing association:

1) How many LOBO loans do you have on your books?
2) Loan principal and Maturity dates?
3) Trade date when each loan was signed?
4) Initial interest rate?
5) Current stepped-up interest rate and step-up date where
applicable?
6) Any formula or structure determining the interest rate where
applicable?
7) The first LOBO option call date?
8) The LOBO option call frequency?
9) Day count convention used for calculation of interest payments?
10) The original broker of the loan and fee paid?
11) Broker and fee paid for any subsequent restructuring?
12) the relevant bank or financial institution(s) which issued each
LOBO loan?

Yours faithfully,

Jamie Griffiths