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The Loans for Mortgage Interest Regulations 2017

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  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. 15.Interest

  17. 16.Repayment

  18. 17.Direct payments to qualifying lenders

  19. 18.Consequential amendments

  20. 19.Transitional provision: existing claimants

  21. 20.Transitional provision: lack of capacity

  22. 21.Transition from legacy benefit to universal credit

  23. 22.Delegation

  24. 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 qualifying loan

      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. 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...

  25. Explanatory Note

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