Approval of Authority to Exchange and Compliance Certificate for the purchase of Plot xx, xx Long Lakes Way, Ferring, Worthing BN12 6xx under the First Homes scheme for Mr xx

March 11, 2025 Director of Environment & Communities (Officer) Approved View on council website
Full council record
Content

The Authority to Exchange and Compliance
Certificate has been issued for the First Homes property at Plot
xx, xx Long Lakes Way, Ferring, Worthing BN12 6xx, for the
applicant Mr xx. The purchase price for the property is
£163,800, following a 30% discount on the market value of
£234,000. The anticipated date for the exchange of contracts
is 14 March 2025, with the completion date expected to be 28 March
2025.

Reasons for the decision

The applicant, Mr xxx, meets the national and
local eligibility criteria for the First Homes scheme, as per the
Section 106 agreement related to planning permission A/168/21/PL
and the Unilateral Undertaking dated 14 July 2022. The eligibility
has been confirmed through documentation submitted by the
applicant, and the transaction complies with all necessary
regulations and requirements under the First Homes
programme.

Alternative options considered

No alternative options were considered, as the
applicant meets all eligibility criteria and complies with the
terms of the First Homes agreement.

Details

OutcomeRecommendations Approved
Decision date11 Mar 2025