S106 is 'pricing developers out of the market'

By Jamie Hailstone | 07 August 2017

Costly Section 106 agreements are pricing some developers out of the market, according to the peer-to-peer lending website Lendy.

The website claimed developers were forced to pay £2.1bn to local authorities last year via Section 106 agreements in order to grant planning applications, compared to £1.7bn five years ago.

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