The Housing (Preservation of Right to Buy) Regulations 1993 No. 2241

SCHEDULE 1 MODIFICATIONS TO PART V OF THE HOUSING ACT 1985

PART I EXCEPTIONS AND ADAPTATIONS

21.  In section 156 (liability to repay is a charge on the premises)—

(a) in subsections (1) and (3A)(1) for “required by” substitute “imposed by virtue of”;

(b) for subsection (2)(2) substitute—

“(2) Subject to subsections (2A) and (2B), the charge has priority immediately after any legal charge securing an amount advanced to the qualifying person by an approved lending institution for the purpose of enabling him to exercise the right to buy.”;

(c) in subsection (2A)(a)(3) omit “paragraph (a) or (b) of”; and

(d) in subsection (4A)(4) omit paragraph (a).

(1)

Section 156(3A) was added by paragraph 1 of Schedule 5 to the Housing and Planning Act 1986.

(2)

Section 156(2) was substituted by section 120(3) of the Leasehold Reform, Housing and Urban Development Act 1993.

(3)

Section 156(2A) was inserted by section 120(3) of the Leasehold Reform, Housing and Urban Development Act 1993.

(4)

Subsection (4A) was inserted by section 120(4) of the Leasehold Reform, Housing and Urban Development Act 1993.