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The Housing (Right to Buy) (Mortgage Costs) Order 1992

S.I. 1992/1706 · Made 15 July 1992

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 15th July 1992

Laid before Parliament 16th July 1992

Coming into force 17th August 1992

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 178 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; section 178 was amended by the Housing Act 1988 (c. 50), Schedule 17, paragraph 106.

Contents

  1. 1Citation, commencement and interpretation
  2. 2Specified Amount
  3. 3Revocation and saving
  4. Signature
  5. Explanatory note

1Citation, commencement and interpretation

(1)

This Order may be cited as the Housing (Right to Buy) (Mortgage Costs) Order 1992 and shall come into force on 17th August 1992.

(2)

In this Order “the Act” means the Housing Act 1985.

2Specified Amount

The amount of £100 is specified as the maximum amount which may be charged under section 178(2) of the Act in respect of the costs incurred in connection with a tenant’s right to a mortgage or right to further advances.

3Revocation and saving

(1)

Subject to paragraph (2) below, the Housing (Right to Buy) (Mortgage Costs) Order 1980f1 is hereby revoked.

(2)

That Order shall continue to apply in any case where a tenant’s notice under section 134 of the Act claiming to exercise the right to a mortgage or a tenant’s notice mentioned in paragraph 1(2) of Schedule 9 to the Act claiming to exercise the right to a further advance was served before 17th August 1992.

(3)

For the purposes of paragraph (2) above, no account shall be taken of any steps taken under section 177 of the Act (errors and omissions in notices).

Signature

Michael Howard

Secretary of State for the Environment

15th July 1992

David Hunt

Secretary of State for Wales

15th July 1992

Explanatory note

(This note is not part of the Order)

Where a tenant exercises the right to a mortgage or the right to further advances in connection with his exercise of the right to buy under Part V of the Housing Act 1985 (“the Act”), the landlord (or, if the landlord is a housing association, the Housing Corporation (in England) or Housing for Wales (in Wales)) may charge to him the costs incurred in connection with his exercise of the right to a mortgage or to further advances, to the extent that they do not exceed such amount as the Secretary of State may specify by Order. Article 2 specifies £100 as the maximum amount which may be charged.

Article 3 revokes the Housing (Right to Buy) (Mortgage Costs) Order 1980 which specified £50 as the maximum amount. The revocation does not apply in cases where a notice claiming to exercise the right to a mortgage or the right to a further advance is served before the coming into force of this Order.