18. LOAN ANALYSIS
2017 2016
£’000
£’000
Due within one year
Bank loans
13,101
12,211
Due after more than one year
Bank loans
400,970
388,075
Premium on THFC loans
755
790
401,725
388,865
Less: Issue Costs
(4,661)
(4,344)
397,064
384,521
Security
The loans are secured by specific charges on the Association’s housing properties.
Terms of repayment and interest rates
Bank and other loans are repayable in instalments, at rates of interest between 0.61% and 11.87%. The final instalments fall to
be repaid between 2017 and 2048. Based on the lender’s earliest repayment date, borrowings are repayable as follows:
2017 2016
£’000
£’000
Within one year or on demand
One year or more but less than two years
Two years or more but less than five years
Five years or more
13,101
13,788
60,627
326,555
12,211
11,680
41,504
334,891
414,071
400,286
Weighted average interest rate (%) 4.02 4.28
Weighted average time for which rate is fixed (years)
As at 31 March 2017 the Association has undrawn loan facilities of £57.1m (2016: £66.8m) 9.21 9.63
Financial Statements 2017
73