LOBO loans

The request was partially successful.

Jamie Griffiths

Dear Newham Borough Council,

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

2. When were they signed; and by whom?

3. With which financial institutions were they taken out?

4. Who advised the council to enter the LOBO(s)?

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

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

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

Yours faithfully,

Jamie Griffiths

Newham Borough Council

REQUESTER REFERENCE: C11350
ENQUIRY REFERENCE: E22176
Please quote your references when contacting the Council.

Dear Sir/Madam,

Freedom of Information Act 2000

Thank you for your request for information received on 04/03/2015. We are dealing with your request and plan to respond before 01/04/2015.

If you have any queries or concerns, please contact the Information Governance Team on 020 8430 3737 or email us at: [email address]

Yours Faithfully

Information Governance Team
Newham Council

Newham Council Publication Scheme is on: www.newham.gov.uk

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Newham Borough Council

1 Attachment

Dear Sir/Madam,

Following an audit of our systems it has been noted that we do not hold a receipt of the attached response being forwarded to you. Should you not have previously received this response, please accept our apologies for the delay. Please now find attached our response under the disclosure provisions of the Freedom of Information Act 2000.

If you require any further information please do not hesitate to contact a member of our team on (020) 8430 2000 or email us at [email address].

Alternatively, if you believe we have not dealt with your request satisfactorily you may initially complain to us and then to the Information Commissioner's Office. The Information Commissioner would expect you to have given the Council the opportunity to deal with your appeal prior to you contacting them. Please see guidance on the Freedom of Information Appeals page: http://www.newham.gov.uk/Pages/Services/...

As with other local authorities, the number of enquiries has increased each year since the introduction of the Freedom of Information legislation. Therefore, to enable us to deal with your enquiry more efficiently, we have introduced an online form. We would ask that you submit all future requests via our online form:
https://aforms.newham.gov.uk/default.asp...

In addition, you may find it useful to access the following link, where you can view our Publication Scheme, a list of previous requests and responses and/or use our E-Form should you wish to make further requests:
http://www.newham.gov.uk/Pages/ServiceCh...

Yours sincerely,

Information Governance
London Borough of Newham
Newham Dockside, 1000 Dockside Road, London E16 2QU [email address]

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Jamie Griffiths left an annotation ()

Contracts not provided ("commercially sensitive").