Paragraph 5

The UC Regulations are amended as follows—

(a)

omit regulation 25(2)(b);

(b)

omit regulation 26(3)(b)(i);

(c)

in regulation 26(3)(b)(ii), omit “only”;

(d)

omit regulation 66(1)(h)(ii);

(e)

in Schedule 1—

(i)

in paragraph 3(f), for “within the meaning of paragraph 4” substitute “within the meaning of Schedule 1 of the Loans for Mortgage Regulations 2017”;

(ii)

omit paragraphs 4 to 6;

(iii)

in paragraph 7(3)(a), for “a loan that falls within paragraph 5” substitute “a qualifying loan within the meaning of regulation 2 of the Loans for Mortgage Interest Regulations 2017”;

(f)

in Schedule 5—

(i)

in paragraph 2, omit the definitions of “alternative finance arrangements”, “alternative finance payments”, “loan interest payments” and “standard rate”;

(ii)

for paragraph 3(1), substitute—

“(1)
“Relevant payments” means one or more payments which are service charge payments.”;

(iii)

omit paragraph 3(2);

(iv)

in paragraph 9, for “the aggregate of the amounts resulting from paragraphs 10, 11 and 13” substitute “the amount resulting from paragraph 13”; and

(v)

omit paragraphs 10, 11 and 12.

Notes on Part 1

Textual amendments

F1: Sch. 5 Pt. 1 heading inserted (5.4.2018) by The Loans for Mortgage Interest and Social Fund Maternity Grant (Amendment) Regulations 2018 (S.I. 2018/307), regs. 1(3), 2(18)(a)