# The Housing (Right to Buy) (Mortgage Costs) Order 1992, Note: 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.

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Source: https://www.legislation.gov.uk/uksi/1992/1706/note (the official version)
Page: https://openlegislation.uk/housing-right-to-buy-mortgage-costs-order-1992/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.