# The Housing (Right to Buy) (Mortgage Limit) Regulations 1992, Regulation 8: Multipliers


(1) This regulation specifies the appropriate factor to be applied as a multiplier of a tenant’s available annual income in order to ascertain the limit referred to in subsection (2) of section 133.
(2) Where the tenant’s income is the principal income, the factor appropriate to his available annual income is that specified in column (2) below being appropriate to his age on the date of service of the notice under section 122 (tenant’s notice claiming to exercise the right to buy) as specified in column (1) below—
(1)
(2)
Tenant’s age
Factor
Under 60…
2.5
60 or over but under 65…
2.0
65 or over…
1.0
(3) If the tenant’s income is not the principal income, the factor appropriate to his available income is 1.
(4) Subject to the following paragraph, a tenant’s income is the principal income for the purposes of this regulation if he is the only tenant with income or, where there is more than one tenant with income, if calculating the limit referred to in section 133 on the assumption that his is the principal income gives no lesser sum as that limit than is given by calculating it on the assumption that any other tenant’s income is the principal income.

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Source: https://www.legislation.gov.uk/uksi/1992/1704/regulation/8 (the official version)
Page: https://openlegislation.uk/housing-right-to-buy-mortgage-limit-regulations-1992/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.