# The Housing (Service Charge Loans) Regulations 1992, Paragraph 2


(1) The period over which repayment is to be made shall be—
(a) three years, in respect of a loan of less than £1,500;
(b) five years, in respect of a loan of £1,500 or above but less than £5,000;
(c) ten years, in respect of a loan of £5,000 or above;
or, at the option of the borrower, a shorter period.
(2) For ascertaining the period of repayment, the amount of the loan is the aggregate of the amount of the loan made in pursuance of the right to a loan under regulation 2 and the amount of any loan made under regulation 5 in respect of any part of the service charge which does not qualify for a loan in pursuance of the right.

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Source: https://www.legislation.gov.uk/uksi/1992/1708/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/housing-service-charge-loans-regulations-1992/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.