{
  "url": "https://openlegislation.uk/housing-right-to-a-shared-ownership-lease-further-advances-limit-no-2-regulations-1992/note",
  "json_url": "https://openlegislation.uk/housing-right-to-a-shared-ownership-lease-further-advances-limit-no-2-regulations-1992/note.json",
  "legislation": "uksi/1992/1833",
  "legislation_title": "The Housing (Right to a Shared Ownership Lease) (Further Advances Limit) (No. 2) Regulations 1992",
  "legislation_url": "https://openlegislation.uk/housing-right-to-a-shared-ownership-lease-further-advances-limit-no-2-regulations-1992",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations provide for the calculation of a tenant’s available annual income and specify the appropriate factor by which it must be multiplied as part of the process for arriving at the limit which applies under Schedule 9 to the Housing Act 1985. That is the limit to the amount which a tenant exercising the right to a further advance is entitled to have advanced to him in respect of his acquisition of an additional share in a dwelling-house of which he has a shared ownership lease under Part V of the Act.\nRegulation 2 provides that the tenant’s available annual income is to be calculated by taking his annual income and deducting from it sums related to his commitments.\nRegulations 3, 4 and 5 deal with the method of calculating the amounts to be taken into account as the tenant’s annual income, and regulation 6 provides for the deductions to be made for the tenant’s commitments.\nRegulation 7 provides for the acceptance of estimates, and regulation 8 specifies the multipliers to be applied to the tenant’s available annual income to arrive at the limit.\nRegulation 9 revokes the Housing (Right to a Shared Ownership Lease) (Further Advances Limit) Regulations 1985 with a saving for cases where the tenant’s notice claiming to exercise his right to acquire an additional share was served before 17th August 1992. It also revokes the Housing (Right to a Shared Ownership Lease) (Further Advances Limit) Regulations 1992 which contained an error and never came into force.\nThe principal changes made by these Regulations relate to income which is not to be taken into account as the tennant’s available annual income (regulation 5(3)) and to the ascertainment of the principal income for the purpose of applying the relevant multiplier (regulation 8).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1992/1833/note",
    "retrieved_at": "2026-10-29T14:18:14.145055+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}