Decisions for issue Extending Payment Options for Council Leaseholders

(1)       That the Cabinet Member for Housing agrees the following proposals for leaseholders in residence be agreed, throughout the term of the loan or arrangement only:

(a)       Brighton & Hove City Council offers additional payment options in the form of equity loans, maturity loans and monthly repayment loans over 25 years to leaseholders who are in financial difficulty and struggling to pay high major works bills as outlined in the report.

(b)       The council increases the interest-free repayment limit from 12 months to a sliding scale depending on the amount with a maximum of 5 years. (See table at 3.14 of the report).

(c)        The specific criteria to be met when offering these additional loans will be agreed by the Head of Housing & Social Inclusion and the Chief Finance Officer in consultation with the Cabinet Member.