Search Legislation

The Loans for Mortgage Interest Regulations 2017

Changes to legislation:

There are currently no known outstanding effects for the The Loans for Mortgage Interest Regulations 2017. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

  1. Introductory Text

  2. 1.Citation and commencement

  3. 2.Interpretation

  4. 3.The offer of loan payments

  5. 4.Acceptance of loan payments offer

  6. 5.Conditions to meet before the loan payments can be made

  7. 6.Information condition

  8. 7.Time of each loan payment

  9. 8.Period covered by loan payments

  10. 9.Duration of loan payments

  11. 10.Calculation of each loan payment

  12. 11.Calculation in respect of qualifying loans

  13. 12.Calculation in respect of alternative finance payments

  14. 13.Standard rate to be applied under regulations 11 and 12

  15. 14.Non-dependant deductions

  16. 14A.Insurance payment deduction

  17. 15.Interest

  18. 16.Repayment

  19. 17.Direct payments to qualifying lenders

  20. 18.Consequential amendments

  21. 19.Transitional provision: loan offer made before 6th April 2018

  22. 19A.Transitional provision: loan offer made on or after 6th April 2018

  23. 20.Transitional provision: persons who lack capacity or may lack capacity identified before 6th April 2018

  24. 21.Transition from legacy benefit to universal credit

  25. 22.Delegation

  26. Signature

    1. SCHEDULE 1

      Meaning of owner-occupier payments

      1. PART 1 Legacy benefit claimants and SPC claimants

        1. 1.Application of Part 1

        2. 2.Payments of interest on qualifying loans and alternative finance payments

        3. 3.Loans incurred during relevant period

      2. PART 2 UC claimants

        1. 4.Application of Part 2

        2. 5.Payments of interest on loans and alternative finance payments

    2. SCHEDULE 2

      Circumstances in which a claimant is, or is to be treated as, liable to make owner-occupier payments

      1. PART 1 Legacy benefit claimants and SPC claimants

        1. 1.Application of Part 1

        2. 2.Liable or treated as liable to make payments

        3. 3.Treated as not liable to make payments

      2. PART 2 UC claimants

        1. 4.Application of Part 2

        2. 5.Liable or treated as liable to make payments

        3. 6.Treated as not liable to make payments

    3. SCHEDULE 3

      Circumstances in which a claimant is, or is to be, treated as occupying accommodation

      1. PART 1 General

        1. 1.Interpretation

      2. PART 2 Legacy benefit claimants and SPC claimants

        1. 2.Application of Part 2

        2. 3.Occupying accommodation: general rule

        3. 4.Full-time study

        4. 5.Living in other accommodation during essential repairs

        5. 6.Living in other accommodation due to fear of violence, where a claimant’s partner is a full-time student or where moving into new accommodation

        6. 7.Moving in delayed for certain reasons

        7. 8.Temporary absence to try new accommodation of up to 13 weeks

        8. 9.Temporary absence of up to 13 weeks

        9. 10.Absences for certain reasons up to 52 weeks

      3. PART 3 UC claimants

        1. 11.Application of Part 3

        2. 12.Occupying accommodation: general rule

        3. 13.Living in other accommodation due to essential repairs

        4. 14.Moving homes: adaptations to new home for disabled person

        5. 15.Living in other accommodation due to fear of violence

        6. 16.Moving in delayed by adaptations to accommodation to meet needs of disabled person

        7. 17.Moving into accommodation following a stay in hospital or care home

        8. 18.Temporary absence exceeding 6 months

    4. SCHEDULE 4

      Direct payments to qualifying lenders

      1. 1.Direct payments

      2. 2.Determining the amount to be paid to a qualifying lender: one or more qualifying loans

      3. 3.Determining the amount to be paid to a qualifying lender: more than one qualifying loan

      4. 4.Qualifying lenders to apply direct payments to discharge of claimant’s liability

      5. 5.Application by qualifying lenders of any amount which exceeds liability

      6. 6.Fees payable by qualifying lenders

      7. 7.Election not to be regarded as a qualifying lender

      8. 8.Provision of information

      9. 9.Recovery of sum wrongly paid

    5. SCHEDULE 5

      Consequential amendments

      1. PART1 General

        1. 1.The ESA Regulations are amended as follows—

        2. 2.The IS Regulations are amended as follows—

        3. 3.The JSA Regulations are amended as follows—

        4. 4.Schedule 2 of the SPC Regulations is amended as follows—...

        5. 5.The UC Regulations are amended as follows—

        6. 6.Regulation 29 of the Transitional Provisions Regulations is amended as...

        7. 7.(1) The Claims and Payment Regulations are amended as follows....

        8. 8.The Universal Credit, Personal Independence Payment, Jobseeker’s Allowance and Employment...

        9. 9.(1) The Social Fund Maternity and Funeral Expenses (General) Regulations...

        10. 10.(1) The Social Fund Cold Weather Payments (General) Regulations 1988...

      2. PART 2 Decisions and Appeals

        1. 11.(1) The Social Security and Child Support (Decisions and Appeals)...

        2. 12.(1) The Universal Credit, Personal Independence Payment, Jobseeker’s Allowance and...

  27. Explanatory Note

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Memorandum

Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Impact Assessments

Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
  • The main options the government is considering, and which one is preferred;
  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
Close

Timeline of Changes

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as made version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources