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The Housing (Right to Buy) (Maximum Discount) Order 1989

S.I. 1989/513 · Made 16 March 1989

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

HOUSING, ENGLAND AND WALES

Made 16th March 1989

Laid before Parliament 21st March 1989

Coming into force 11th April 1989

The Secretary of State for the Environment, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred on them by section 131(2) of the Housing Act 1985f1, and of all other powers enabling them in that behalf, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1985 c. 68.

Contents

  1. 1Article 1
  2. 2Article 2
  3. 3Article 3
  4. Signature
  5. Explanatory note

1

This Order may be cited as the Housing (Right to Buy) (Maximum Discount) Order 1989 and comes into force on 11th April 1989.

2

The sum of £50,000 is prescribed as the maximum sum by which the price payable for a dwelling-house on a conveyance or grant under Part V of the Housing Act 1985 may be reduced by discount under section 129f1 of that Act.

3

The Housing (Right to Buy) (Maximum Discount) Order 1986f1 is revoked.

Signature

Nicholas Ridley

Secretary of State for the Environment

15th March 1989

Peter Walker

Secretary of State for Wales

16th March 1989

Explanatory note

(This note is not part of the Order.)

A person exercising the right to buy a dwelling-house in England or Wales under Part V of the Housing Act 1985 may be entitled, under sections 129 to 131 of and Schedule 4 to the Act, to a discount equal to a certain percentage of the price before discount, which price is calculated in accordance with section 126 of the Act.

The discount may not, however, reduce the price by more than such sum as the Secretary of State may by order prescribe. By this Order, £50,000 is prescribed as the maximum discount, in place of £35,000 prescribed by the Housing (Right to Buy) (Maximum Discount) Order 1986. This Order revokes the 1986 Order.