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Approval granted for Legal Services to issue a
Letter of Postponement in relation to the sale of xx Gravits
Lane.

The mortgage on the property (£75,000) exceeds the sale price
(£62,500). The shortfall will be used to fund improvements to
the property.

Reasons for the decision

To facilitate the sale of the property while
ensuring that the Council’s interests are protected through
formal postponement of its charge.

The arrangement supports property improvement and aligns with the
Council’s housing and asset management
responsibilities.

Alternative options considered

No viable alternatives were identified, as the
postponement is necessary to enable the transaction to proceed
under the current financial circumstances.