Regulation 5 Conditions to meet before the loan payments can be made
Northern Ireland
The Department may make the loan payments if—
the loan payments offer is accepted in accordance with regulation 4 (acceptance of loan payments offer); and
the conditions in paragraph (2) are met.
The conditions are—
where all of the legal owners are within the benefit unit, each legal owner has executed a F1mortgage in favour of the Department in respect of the relevant accommodation;
the Department has obtained the written consent referred to in paragraph (3); and
the information condition in regulation 6 (information condition) is met within the period of 6 months ending with the day on which the loan payments offer is accepted.
The consent required by paragraph (2)(b) is consent given in writing to the creation of the mortgage by any person in the benefit unit in occupation of the relevant accommodation, who is not a legal owner.
Annotations
Textual amendments
- F1
Word in reg. 5(2)(a) substituted (6.4.2018) by The Loans for Mortgage Interest and Social Fund Maternity Grant (Amendment) Regulations (Northern Ireland) 2018 (S.R. 2018/37), regs. 1(2), 2(4)