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Note the Council’s statutory obligation to provide Service Charge Loans to Leaseholders as detailed in the report.
Approve the offer of retrospective loans to be offered to a limited number of Leaseholders who would have been entitled to a loan in previous years.
Approve the proposed amendments to the Leaseholder Income Management Policy.
Decision type: Key
Reason Key: Executive Proposals: Change to plan or strategy;
Decision status: Recommendations Approved
Notice of proposed decision first published: 22/05/2023
Decision due: 20 Jun 2023 by Executive Councillor for Housing
Contact: Anna Hill, Housing Services Manager (City Homes) Email: Anna.Hill@cambridge.gov.uk.
Additional Information: This is a key item and will automatically appear on the agenda.
Background Information: Under Section 20 of the Landlord & Tenant Act 1985 (as amended), the Council is obliged to notify leaseholders of the contribution they are required to make towards the cost of necessary works and repairs where these costs are expected to exceed £250 for any individual leaseholder. Major works to blocks of flats can be expensive even when the cost is apportioned across all flats within the block. When expensive works need to be undertaken this increases the service charges payable by leaseholders. Some leaseholders may struggle to budget for these additional costs when set alongside their other day-to-day expenses particularly given significant increases in the cost-of-living at the present time. The statutory requirement to provide a loan to eligible leaseholders is set out in The Housing (Service Charge Loans) Regulations 1992. Whilst leaseholders have had the right to obtain a loan for many years, the Council’s financial records indicate that no loans have been provided.
