Waverley Borough Council Committee System - Committee Document
Meeting of the Executive held on 28/08/2001
Mortgage Arrears Statement for Quarter ended 20th June 2001
WAVERLEY BOROUGH COUNCIL
EXECUTIVE COMMITTEE - 28TH AUGUST 2001
MORTGAGE ARREARS STATEMENT FOR QUARTER ENDED 30TH JUNE 2001
% of Actual Annual Debit of £107,794
Estimated Annual Debit of £106,609No. £% of
Estimated Annual Debit
of £104,019No. £% of Actual Annual Debit of £102,711No.£% of Actual Annual Debit of £98,796
A) Properties up for sale
B) Special agreement
C) With solicitors
E) Council-house sales
Total special categories (A-E)
F) Other mortgages (see note i)
The figure shown for “other mortgages” includes all those mortgagors owing one month or less, together with those mortgages which are payable quarterly on the quarter days in March, June, September and December and which are often not paid by 1st April, 1st July, 1st October or 1st January respectively.
ii There are receipts in advance of £929 on the accounts as at 30th June 2001, hence the net arrears are £5,067 (£5,996 arrears less £929).
iii Categories A-D show the total gross arrears within each category. Category E shows Council-house sales for cases which are two or more months in arrears with their repayments. Other Council-house sales arrears are included in categories A, B, C, D and F. The total gross arrears at 30th June 2001 for Council-house sales included in categories A to E in the above figures amount to £3,029 from four cases. The total gross arrears at 30th June 2001 for shared-ownership properties included in the above figures are £288 from one case.
There are no background papers (as defined by Section 100D(5) of the Local Government Act 1972) relating to this report.
Contact Officer: Mr T Carter Telephone: 01483 869099