Paragraph 11

(1)

In Schedule 1 to the Landlord and Tenant Act 1987 (discharge of mortgages, &c), in paragraph 1 (construction of provisions relating to discharge in pursuance of purchase notice)—

(a)

for the words “the new landlord” wherever they appear substitute “ the purchaser ”;

(b)

in the definition of “consideration payable”—

(i)

for the words “section 12(4)” substitute “ section 12B(7) ”, and

(ii)

for the words “section 16(2) or (3)” substitute “ section 16(4) or (5) ”;

(c)

in the definition of “nominated person”, for the words “section 12(1)” substitute “ section 12B(2) ”.

(2)

In paragraphs 2, 4 and 5 of that Schedule (duty of nominated person to redeem mortgages, payments into court and savings)—

(a)

for the words “section 12(4)(a)” wherever they appear substitute “ section 12B(5)(a) ”;

(b)

for the words “the new landlord” or “the new landlord’s” wherever they appear substitute “ the purchaser ” or “ the purchaser’s ”.