Dear Rhondda Cynon Taff 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

Freedomofinformation, Rhondda Cynon Taff Council

Dear H Spencer

Thank you for your request for information.

Your request will be processed in accordance with the Freedom of
Information Act 2000 (or Environmental Information Regulations 2004, if it
relates to environmental information).

You should ordinarily expect to receive a response to your request no
later than 20 working days following the date of submission to the
Council. We will contact you should this not be the case.

Yours sincerely

Corporate Governance Team
for Director of Legal & Democratic Services

Gummer, Claire,

Dear Sir/madam

We refer to your Freedom of Information Request in respect of LOBO loans,
the Authority's response is set out below:

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

RCT Council has two LOBO loans with payments 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?

The original values are 16 Million and 15 Million. The interest is
currently at its revisionary rate of 4.5% for both loans. The lender has
the
option to increase the rate at 6 monthly intervals therefore the total
repayment upon redemption is unknown at present.

We trust this answers your queries. If you are unhappy with the way your
request for information has been handled, you can request a review of the
Council’s response. If you wish to exercise this right, please set out in
writing your grounds and send your appeal to Mrs Julie Llewellyn. She may
be reached at [1][email address] or at RCT CBC, The
Pavilions, Clydach Vale, Tonypandy, CF40 2XX.

Additionally you may, if you wish, find out more about the Freedom of
Information Act & Environmental Information Regulations from the
Information Commissioner at [2]http://www.ico.org.uk/

Yours sincerely

Claire
 
Claire Gummer
Corporate Governance Team
Legal & Democratic Services
Rhondda Cynon Taff C.B.C.
The Pavilions
Cambrian Park
Clydach Vale
Tonypandy
CF40 2XX
 
Tel:  (01443) 424111
Fax: (01443) 424114
Email:  [3][email address]

Dear Gummer, Claire,

Could you kindly advise the term length for each of the loans?

Yours sincerely,

H Spencer

Looking for an EU Authority?

You can request documents directly from EU Institutions at our sister site AskTheEU.org . Find out more .

AskTheEU.org