Decision details

Adoption of Homes for Lambeth Leases and Shared Ownership Leases

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

This report presents the proposed future Leases and Shared Ownership Leases, which Homes for Lambeth will be required to adopt.

Decisions:

Following consideration of the report under the previous item, the Chair moved straight to the vote.

 

It was RESOLVED:

 

1)    To approve the three template leases (100% lease, zero rent shared ownership lease and with rent shared ownership lease) as appended to this Cabinet Report for use by HFL Homes for those owner occupiers who wish to carry on living on their estates following estate regeneration.

2)    To delegate to the Cabinet Member leading on estate regeneration and the Strategic Director for Neighbourhoods and Growth the authority to adapt the leases where required to do so by changes to government legislation, regulation, mortgage funding criteria.  Any substantive changes to these leases, or where changes may have any implications for implementation of the Key Guarantees, will require a further Cabinet decision, subject to consultation.

3)    To note the Council’s response to the consultation and how homeowners’ views have been addressed in section 5 of the report.

 

 

 

Report author: Julian Hart

Publication date: 22/01/2018

Date of decision: 22/01/2018

Decided at meeting: 22/01/2018 - Cabinet

Effective from: 03/02/2018

Accompanying Documents: