URL: https://shropshire.gov.uk/committee-services/ieDecisionDetails.aspx?ID=1874

Decision Maker: Cabinet

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose:

Content: RESOLVED:   1.    That Cabinet notes and recommends to Council the approval of the updated Deferred Payment Policy in appendix 1;   2.    Cabinet noted the following main proposed changes within the policy:   ·         Increased one-off setup fee from £610 to £750; ·         The introduction of an annual administration charge to reflect the work undertaken during the lifetime of the DPA in notifying interest rate changes and supplying statements; ·         Introduce legal charges to reflect the work done in entering the DPA, registration at Land Registry and removing the charge once repaid. ·         Maintain the application of interest from contract signing. ·         Implement process improvements to reduce completion timelines and strengthen compliance. ·         The charges income is used to reinvest in critical staff roles to manage the increasing demand and complex process, this will ensure efficiencies and clear oversight, providing a more consistent approach and improved experience for clients.

Date of Decision: February 11, 2026