Issue - meetings
Provision of Mortgages
Meeting: 26/11/2009 - Cabinet (Item 216)
Extension of Council Mortgage Scheme
Minutes:
Further to the resolution as part of the 2009/10 Council Budget, a report by the Director of Finance updated the Cabinet on the possible extension of the mortgage scheme.
RESOLVED - That
(1) the work in progressing the extension of the Council mortgage scheme be noted;
(2) the initiatives of the Government, lending institutions and advice agencies particularly in the local area be noted; and
(3) a further report be submitted to the Cabinet when the Financial Services Authority has made recommendations on the implementation of proposals for a more sustainable mortgage market.