60 | Accord Housing Association
19 . Loan Analysis
2020 |
2019 |
£ 000 |
£ 000 |
Due within one year Bank loans |
33,550 |
14,574 |
Due after more than one year Bank loans |
470,291 |
454,298 |
Premium on THFC loans |
652 |
687 |
|
470,943 |
454,985 |
Less : Issue costs |
( 4,966 ) |
( 5,121 ) |
465,977 449,864
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 0.25 % and 11.48 %. The final instalments fall to be repaid between 2021 and 2058 .
Based on the lender ’ s earliest repayment date , borrowings are repayable as follows :
|
2020 |
2019 |
|
£ 000 |
£ 000 |
Within one year or on demand |
33,550 |
14,574 |
One year or more but less than two years |
13,517 |
33,546 |
Two years or more but less than five years |
100,808 |
79,451 |
Five years or more |
355,966 |
341,301 |
|
503,841 |
468,872 |
Weighted average interest rate (%) 3.65 3.83
Weighted average time for which rate is fixed ( years ) 13.02 11.89
As at 31 March 2020 the association has undrawn loan facilities of £ 89.1m ( 2019 : £ 97.0m ).