FINANCE

Barclays scraps council LOBO loans

Barclays has become the first bank to scrap high interest Lender Option, Borrower Option (LOBO) loans for councils.

By Laura Sharman | 01 September 2016

Barclays has become the first bank to scrap high interest Lender Option, Borrower Option (LOBO) loans for councils.

The move will see more than 100 LOBO loans - thought to be worth around £8bn - converted into fixed-rate loans.

Popular articles by Laura Sharman

  1. Gove signs devolution deals for Norfolk and Suffolk
  2. Autumn Statement: £1bn extension to Household Support Fund
  3. Autumn Statement: Social housing rent rise capped at 7%
  4. Directors warn needs of older and disabled people will not be met this winter

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?

Popular articles by Laura Sharman

  1. Gove signs devolution deals for Norfolk and Suffolk
  2. Autumn Statement: £1bn extension to Household Support Fund
  3. Autumn Statement: Social housing rent rise capped at 7%
  4. Directors warn needs of older and disabled people will not be met this winter
footer-logo

©2024 Hemming Group Limited.

©2024 Hemming Group Limited.