Locking Parklands Locking Moor Road Weston-super-Mare

Proposal

Modification of Section 106 legal agreement dated 16/07/20215 relating to planning permission 13/P/0997/OT2 to: amend so that the Affordable Rent units can be delivered as Social Rent units with rent charged at 105% of Target Rents; amend so that the Shared Ownership rents can be charged at 2.75% of the retained equity; remove the restriction requiring for the Shared Ownership dwellings to be sold at no more than 40% of open market value; clarify that Shared Ownership purchasers may staircase to 100%; remove all references to Help to Buy South; remove any restrictions preventing Affordable Rent tenants from excessing their right to acquire and right to Shared Ownership; amend the requirement for Affordable Rent units to be retained in perpetuity; amend the provisions relating to Recycled Capital Grant Fund Receipts so that any recycled capital grant receipts may be applied solely within the Council's administrative area; insert a provision confirming that the non-Affordable Housing obligations should not bind the Registered Provider or their mortgagees and insert a provision confirming that the Affordable Housing obligations shall not bind: Purchasers who have staircased to 100% ownership; Those exercising the Right to Buy, Right to Acquire or Right to Shared Ownership; Their mortgagees; or Successors in title