The Lombard Banks of England

[Dirty Chai]

Interest rates are annual, going up every year by that amount.
Ex. a rate of 100% of a £200 loan is £400 the next year and then £600 the following year, then 800, 1000, etc.

You can only take one of each loan per year, and you can only take a max of 4 loans a year, no matter their size.

Loans are expected to be paid before they reach 300% in interest. Large loans (the second list) are expected to be paid before they reach 200% in interest. If this date comes and passes and the debts have not been filled, the party must default. If you default, if the king/parliament does not bar the usurers, then you will be forced (you can of course resort to violence) to mortgage off all your lordships and assets until you have either paid off your debts or you have nothing left to give. If the king/parliament restrains the usurers, the faction (king or parliament) will face opposition in all other matters from the commons for a few years.

The local banks and usurers in England will offer these basic loans & rates under normal circumstances:

1. £200 w/ 15% interest rate per annum
2. £500 w/ 15% interest rate per annum
3. £1000 w/ 15% interest rate per annum
4. £2000 w/ 15% interest rate per annum
5. £5000 w/ 15% interest rate per annum
6. £10,000 w/ 15% interest rate per annum

Additionally, there are larger loans that are accessible to the king but not normally for the average noble:

1. £25,000 w/ 15% interest rate per annum
2. £50,000 w/ 15% interest rate per annum
3. £75,000 w/ 15% interest rate per annum
4. £100,000 w/ 15% interest rate per annum
5. £200,000 w/ 15% interest rate per annum
6. £500,000 w/ 15% interest rate per annum

Parties who owe total interest rates per year which amount to more than 200% of their yearly income will usually be barred from acquiring more loans. Even the king.

Consequences

If yearly interest is at 100% or more of yearly income, all militia/levy rolls are reduced by -2 If yearly interest is at 200% or more of yearly income, all militia/levy rolls are reduced by -4 If yearly interest is at 300% or more of yearly income, all militia/levy rolls are reduced by -2 If yearly interest is at 400% or more of yearly income, all militia/levy rolls are reduced by -6 If yearly interest is at 500% or more of yearly income, all militia/levy rolls are reduced by -8 You may, under extraneous debt, mortgage off lordships (ie, provinces) in your possession to repay debts, valued to 200% of their yearly income. The King can purchase these mortgaged lordships for 10x their yearly income or else “no one” owns them. The King can at any time, with parliamentary consent, declare debts void for any individual. However, if he does so for himself or for more than a couple large magnates, at moderator discretion, the banks will completely bar off future loans from the whole of England and diplomatic relations abroad will deteriorate greatly. Furthermore, the commons (in parliament) will by large majority oppose any and all proposals made or seen to be led/proposed by individuals with outstanding debt (like 10x your yearly income or more), especially the king. If the king (ie, the royal treasury) falls into outstanding debt, he will lose all legitimacy and will lose any partiality the militias and levies have for him and will suffer the same penalties as mentioned above. Lastly, during wartimes, attempts to take out loans by lords seen to be on the losing side of a fight (either against the king or the king has lost his seat and more than half of England is against him) will be usually denied. It shouldn’t have to be said, but these rules are not absolute (if you don’t want to make any effort, they are) - creative or clever ways around these rules that are substantiated by relevant medieval history will likely be rewarded.

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How to take out a loan:
- Post your patriarch's total income for this year, unmodified from buildings/traits
- Post any previous debts along with the years they were taken out, their rates, and the accumulated total debt that amounts from all debts + interest
- If your total debt exceeds 200% of the income you posted, then you will be barred from getting further loans without an RP effort to get around it
- If not, post the loan you take out from the loans available to you listed above
- Lastly, you must state the reason you are taking out this loan - it can be a fake reason, of course, as it is what your character says when the usurers ask him what the venture is.

[The Mad Skylord]

First Loan

-£3'617
- Loan 6. £10'000
- To raise troops

[General Brewster]

£2.950
Loan 6
WAR

[Gandalfus]

allowed.

[Lucius Malfoy]

Loan for the House of Gloucester
- Loan 4: £2000
- Requested in order to pay the salaries of the castle guards

[The Mad Skylord]

£500
Loan 4: £2000
Payment of Debts

[Lucius Malfoy]

Loan for Henry Beaufort
- Loan 4: 2,000
- Requested to pay for land maintenance.

[Lucius Malfoy]

Both loans by Beaufort and Buckingham are repaid (2,300 for both)

[The Mad Skylord]

Maltravers takes out a loan.£700 Loan no. 5Hiring mounties

[Xion]

Income : 3,200 pounds
Loan : Loan 5 - 5,000 pounds
Purpose - Hiring Soldiers.

[Xion]

Devon repays the loan.