The S106 currently requires the following amendments in order for our client to be able to a) firstly charge their properties and b) thereafter receive a higher MV-STT (market value subject to tenancies) valuation for them: - Paragraph 10.5 in Schedule 2 states not to dispose of any interest in the Transferred Land without first requiring the disponee to enter into covenants with the Transferor and this will catch a charge. We therefore propose to include '(other than by way of legal mortgage or charge)' after the wording 'Transferred Land' to resolve this issue as we are sure the intention of this clause would not have been to prohibit our client from charging their properties but to protect the use of the properties should the properties be sold. - The addition of a mortgagee exclusion clause

1-37 Churchmead Rogiet Caldicot Monmouthshire NP26 3TG