LOBO Lender Option Borrower Option

Ranjan Kumaran made this Freedom of Information request to Kent County Council

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

The request was successful.

Dear Kent County Council,

1. How many Lender Option Borrower Option (LOBOs) contracts do you have on your books?

2. When were they signed?

3. With which financial institutions were they taken out?

4. Since each Contract has been signed, has the lender exercised their option and changed the interest rate?

5. If so, please specify the dates of the interest rate changes and the revised interest rates.

6. Please provide a copy of the original, signed LOBO agreement.

Yours faithfully,

Ranjan Kumaran

Kent County Council

Dear Sir/Madam

 

Thank you for your email below.

 

Kent County Council acknowledges your request for information under the
Freedom of Information Act 2000. Assuming KCC holds this information, we
will endeavour to supply the data to you as soon as possible but no later
than 23rd January 2014 (20 working days from date of receipt).

 

We will advise you as soon as possible if we do not hold this information
or if there are exemptions to be considered and/or any costs for providing
the information. Please quote our reference - FOI/13/1970 - in any
communication regarding this particular request.

 

Best regards

 

Debbie Percival
BSS Information Resilience & Transparency
Information Access Officer
Room 2.71 Sessions House
Maidstone
Kent ME14 1XQ
01622 696357 (VPN 7000 6357)
Fax 01622 696075
[email address]

show quoted sections

Kent County Council

1 Attachment

Dear Sir/Madam

 

Thank you for your request for information made under the Freedom of
Information Act (FOIA) 2000, relating to Lender Option Borrower Option
(LOBO).

 

I am pleased to provide the attached spreadsheet in answer to elements of
your request.  Unfortunately we are unable to send you copies of the loan
instruments you have requested via email as they are in the form of 25
pdf files, which are too large to transmit through KCC’s email
system. However if you provide me with a postal address, we can save
the records to a CD rom and send it to you.

 

If you are unhappy with this response, and believe KCC has not complied
with legislation, please ask for a review by following our complaints
process; details can be found at this link
[1]http://www.kent.gov.uk/your_council/have...
on our website. Please quote reference FOI/13/1970.

 

If you still remain dissatisfied following an internal review, you can
appeal to the Information Commissioner, who oversees compliance with the
Freedom of Information Act 2000. Details of what you need to do, should
you wish to pursue this course of action, are available from the
Information Commissioner’s website [2]http://www.ico.org.uk/complaints

 
Many thanks
 
James Mercer
Information Access Officer
Information Resilience & Transparency Team
Business Strategy & Support, Governance & Law
Kent County Council, Room 2.71, Sessions House, County Road, Maidstone,
ME14 1XQ. 
Telephone: 01622 221037, Internal: 7000 1037, Fax: 01622 696075
[3]http://www.kent.gov.uk/your_council/cont...

show quoted sections