{
  "url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-2-regulations-1996/regulation-6",
  "json_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-2-regulations-1996/regulation-6.json",
  "legislation": "uksi/1996/2121",
  "legislation_title": "The Local Authorities (Capital Finance) (Amendment No. 2) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/local-authorities-capital-finance-amendment-no-2-regulations-1996",
  "path": "regulation/6",
  "kind": "regulation",
  "number": "6",
  "heading": "Capital receipts to be treated as reduced: disposals of dwellings to certain purchasers",
  "text": "In regulation 19D —\n(a) in paragraph (2), for sub-paragraph (e) substitute the following sub-paragraph —\n“(e) the authority is satisfied that any person wishing to buy the relevant lease would be unlikely, for reasons which do not relate to the personal or financial status of that person, or the terms of that lease, or the condition of the flat or the building in which the flat is situated, to obtain from a lending institution an advance —\n(i) secured by a mortgage of the relevant lease for a term of twenty-five years, and\n(ii) of an amount equal to 75 per cent. of the value of that lease determined, not more than three months before the date of the disposal, in accordance with paragraph (4) below; and”; and\n(b) in paragraph (6), with respect to the meaning of “approved surveyor”, for “is reasonably believed by the former tenant to have”substitute “has”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/2121/regulation/6",
    "retrieved_at": "2026-10-29T12:36:52.499042+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}