Details of LOBO loan borrowing and brokerage arrangements

Joel M Benjamin made this Freedom of Information request to Catalyst Housing Limited
This authority is not subject to FOI law, so is not legally obliged to respond (details).


This request has been closed to new correspondence from the public body. Contact us if you think it ought be re-opened.

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

Joel M Benjamin

Dear Catalyst Housing Limited,

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

1) How many LOBO loans does Catalyst housing have?
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,

Joel M Benjamin