18. LOAN ANALYSIS
2018 2017
£’000
£’000
Due within one year
Bank loans
14,087
13,101
Due after more than one year
Bank loans
416,247
400,970
Premium on THFC loans
721
755
416,968
401,725
Less: Issue Costs
(5,038)
(4,661)
411,930
397,064
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 0.90% and 11.94%. The final instalments fall to
be repaid between 2018 and 2048.
Based on the lender’s earliest repayment date, borrowings are repayable as follows:
2018 2017
£’000
£’000
Within one year or on demand
14,087
13,101
One year or more but less than two years
14,540
13,788
Two years or more but less than five years
77,606
60,627
Five years or more
324,101
326,555
430, 334
414,071
Weighted average interest rate (%)
3.80
Weighted average time for which rate is fixed (years)
8.50
As at 31 March 2018 the Association has undrawn loan facilities of £49.5m (2017: £57.1m).
4.02
9.21
Financial Statements 2018
59