Explanatory note

These Regulations amend section 131 of the Housing Act 1985 (limits on amount of discount) as applied by the Housing (Preservation of Right to Buy) Regulations 1989 (“the previous Regulations”). These Regulations come into force on 5th April 1989 as do the previous Regulations.

Where the preserved right to buy is exercised by a person in accordance with Part V of the Housing Act 1985 (as modified and adapted by the previous Regulations), the price payable by that person is reduced by an amount of discount calculated in accordance with sections 129 to 131 of and Schedule 4 to that Act (as so modified).

The effect of this amendment is to increase from £35,000 to £50,000 the maximum sum by which the price may be reduced.