# The Loans for Mortgage Interest (Transaction Fee) (Amendment) Regulations 2020, Note: Explanatory note


(This note is not part of the Regulations)
Regulation 2 of these Regulations amends Schedule 4 to the Loans for Mortgage Interest Regulations 2017 (S.I. 2017/725) to remove the requirement for qualifying lenders to pay a fee to the Secretary of State in respect of each occasion on which a payment is made directly to the qualifying lender.
A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, public or voluntary sectors is foreseen.

---
Source: https://www.legislation.gov.uk/uksi/2020/666/note (the official version)
Page: https://openlegislation.uk/loans-for-mortgage-interest-transaction-fee-amendment-regulations-2020/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.