The Housing Finance Corporation (THFC) has helped Scottish housing association Dunedin Canmore, part of Wheatley Group, reduce the interest rate it pays on a loan from the European Investment Bank (EIB) to just 1.25%. The 20-year loan was signed in 2010 at 3.00%, as part of a £345m funding dea
European Investment Bank
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Wheatley Group has drawn down £72 million of funding from the European Investment Bank (EIB) – at a highly-competitive rate – to build and improve more homes across Scotland. The funding deal – at a rate of under 1.70% fixed over 22 years – will enable the UK’s la
The first tranche of new funding from the European Investment Bank (EIB) has been drawn down by Wheatley Group at a record low-interest rate of under 1.5%. Wheatley has received the first £85m of £185m agreed with the EIB last year.