23/P/0528/MOD106Planning Application 23/P/0528/MOD106
Conditions application at Llantarnam Comprehensive School Llantarnam Road Llantarnam Cwmbran Torfaen NP44 3XB, Torfaen. View planning documents, track the decision and get email alerts on updates.
Modification of Section 106 of Planning Permission 16/P/00263.S106 Agreement which affects the site detailed above contains a mortgagee exclusion clause which our client's lender does not consider to be satisfactory. The existing clause will mean that the properties at the site will be restricted to their Existing Use Value - Social Housing for funding purposes. This value is typically 30-50% lower than the preferred valuation basis (Market Value - Subject to Tenancies) and has adverse consequences on the amount that Melin may borrow and consequently use for its affordable housing programmes in the area and elsewhere in Wales. We propose adding a mortgagee exclusion clause into the s106 Agreement which is in the form supported by the National Housing Federation and is accepted by both funders and many local authorities.
23/P/0528/MOD106
Llantarnam Comprehensive School Llantarnam Road Llantarnam Cwmbran Torfaen NP44 3XB
This is an application to discharge conditions at Llantarnam Comprehensive School Llantarnam Road Llantarnam Cwmbran Torfaen NP44 3XB. Torfaen has handled 651 applications of this type and approves nearly all of them, typically deciding them in 56 days. It was submitted on 22 August 2023 and is still awaiting a decision. There have been 7 other applications at this address. In the past year there have been 53 applications across Llantarnam. We hold 926 applications in total for the NP44 postcode area.
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Application Details
Applicant & Agent
Planning Application Dates
Planning Decision
Publicity
Appeal
Additional Information
Source: Torfaen