Common use of Staff House Purchase Loans Clause in Contracts

Staff House Purchase Loans. Existing loans under the Company’s Staff House Purchase Scheme shall be allowed to continue on the existing terms and conditions arranged, provided they allow for the loan to be repaid by the normal retirement date. If the Executive obtains employment with an employer which offers mortgage facilities, the Staff House Purchase loan shall be repaid as soon as eligibility under the new employer’s scheme is attained. The Company will not consider applications for increases in borrowing. However, it will consider applications to move house, within the existing facility and subject to the Company’s approval of the property to be purchased. In such cases, the retention of any surplus arising on sale within the facility will be subject to the provisions of the Company’s Staff House Purchase Scheme in force at the time of sale. All other conditions of the Company’s Staff House Purchase Scheme shall apply to the loan.

Staff House Purchase Loans. Existing loans under the Company’s 's Staff House Purchase Scheme shall be allowed to continue on the existing terms and conditions arranged, provided they allow for the loan to be repaid by the normal retirement date. If the Executive obtains employment with an employer is obtained which offers mortgage facilities, the Staff House Purchase loan shall be repaid as soon as eligibility under the new employer’s 's scheme is attained. The Company will not consider applications for increases in borrowing. However, it will consider applications to move house, within the existing facility and subject to the Company’s approval of the property to be purchased. In such cases, the retention of any surplus arising on sale within the facility will be subject to the provisions of the Company’s 's Staff House Purchase Scheme in force at the time of sale. All other conditions of the Company’s 's Staff House Purchase Scheme shall apply to the loan.

Staff House Purchase Loans. Existing loans under the Company’s Staff House Purchase Scheme shall be allowed to continue on the existing terms and conditions arranged, provided they allow for the loan to be repaid by the normal retirement date. If the Executive obtains employment with an employer is obtained which offers mortgage facilities, the Staff House Purchase loan shall be repaid as soon as eligibility under the new employer’s scheme is attained. The Company will not consider applications for increases in borrowing. However, it will consider applications to move house, within the existing facility and subject to the Company’s approval of the property to be purchased. In such cases, the retention of any surplus arising on sale within the facility will be subject to the provisions of the Company’s Staff House Purchase Scheme in force at the time of sale. All other conditions of the Company’s Staff House Purchase Scheme shall apply to the loan.