# The Loans for Mortgage Interest (Transaction Fee) (Amendment) Regulations (Northern Ireland) 2020

S.R. 2020/125 · made 1 July 2020

Regulation 2 of these Regulations amends Schedule 4 to the Loans for Mortgage Interest Regulations (Northern Ireland) 2017 (S.R. 2017 No. 176) to remove the requirement for qualifying lenders to pay a fee to the Department in respect of each occasion on which a payment is made directly to the qualifying lender.

Made under: The Welfare Reform and Work (Northern Ireland) Order 2016 (Article 3, Article 13, Article 14); The Welfare Reform (Northern Ireland) Order 2015

PDFs: Printed copy https://openlegislation.uk/loans-for-mortgage-interest-transaction-fee-amendment-regulations-northern-ireland-2020/pdf/nisr_20200125_en.pdf; NI Explanatory Memorandum https://openlegislation.uk/loans-for-mortgage-interest-transaction-fee-amendment-regulations-northern-ireland-2020/pdf/nisrem_20200125_en.pdf

## Introductory text

Social Security
Made 1st July 2020
Laid before Parliament - 2nd July 2020
Coming into operation 3rd August 2020
The Secretary of State in exercise of the powers conferred by Articles 3, 13 and 14(4)(b) of the Welfare Reform and Work (Northern Ireland) Order 2016 makes the following Regulations.
These powers are exercisable by the Secretary of State by virtue of Article 4(1)(a) of the Welfare Reform (Northern Ireland) Order 2015.

## 1 Citation and commencement

(1) These Regulations may be cited as the Loans for Mortgage Interest (Transaction Fee) (Amendment) Regulations (Northern Ireland) 2020.
(2) These Regulations come into operation 3rd August 2020.

## 2 Amendments of the Loans for Mortgage Interest Regulations (Northern Ireland) 2017

In Schedule 4 (direct payments to qualifying lenders) to the Loans for Mortgage Interest Regulations (Northern Ireland) 2017, omit paragraph (6) (fees payable by qualifying lenders).

## Signature

Signed by authority of the Secretary of State for Work and Pensions
Stedman-Scott
Parliamentary Under Secretary of State
Department for Work and Pensions
1st July 2020

## 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 (Northern Ireland) 2017 (S.R. 2017 No. 176) to remove the requirement for qualifying lenders to pay a fee to the Department 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.

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Source: https://www.legislation.gov.uk/nisr/2020/125 (the official version)
Page: https://openlegislation.uk/loans-for-mortgage-interest-transaction-fee-amendment-regulations-northern-ireland-2020
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.