OpenLegislation

Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations amend the provisions of the Legal Advice and Assistance Regulations 1989 concerning the computation of the capital of an applicant for legal advice and assistance by—

(1)

limiting the total amount deductible in respect of any mortgage debts on one or more homes of the applicant to £100,000;

(2)

limiting the amount to be disregarded in computing the applicant’s capital in respect of his only or principal home to the first £100,000 of the value, as assessed after deduction of any amount allowable in respect of a mortgage debt.