11(1)In Schedule 1 to the Landlord and Tenant Act 1987 (discharge of mortgages, &c), in paragraph 1 (construction of provisions relating to discharge in pursuance of purchase notice)—E+W
(a)for the words “the new landlord” wherever they appear substitute “ the purchaser ”;
(b)in the definition of “consideration payable”—
(i)for the words “section 12(4)” substitute “ section 12B(7) ”, and
(ii)for the words “section 16(2) or (3)” substitute “ section 16(4) or (5) ”;
(c)in the definition of “nominated person”, for the words “section 12(1)” substitute “ section 12B(2) ”.
(2)In paragraphs 2, 4 and 5 of that Schedule (duty of nominated person to redeem mortgages, payments into court and savings)—
(a)for the words “section 12(4)(a)” wherever they appear substitute “ section 12B(5)(a) ”;
(b)for the words “the new landlord” or “the new landlord’s” wherever they appear substitute “ the purchaser ” or “ the purchaser’s ”.