This is the concerns expressed by Cllr John Whitworth during the discussion on item 14 at Monday evening (7.12.15) at Full Council.
“The issue of the servicing and repayment of the Council’s debt is obviously of major importance at a time when we are obliged to make savings in most…Read more…
LOBOs – Long term pain for short term gain?
I have posted on LOBOs before. I think that this article by Janine Alexander from Collyer Bristow LLP pretty much tells it as it is…
“Many local authorities and housing associations have taken out “LOBO” (Lender Option Borrower Option) loans over the past 15 years. They were particularly…Read more…