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The Loans for Mortgage Interest Regulations 2017
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- UK Statutory Instruments
- 2017 No. 725
- Regulation 19
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Transitional provision: existing claimants
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19.—(1) Subject to regulation 20, in relation to an existing claimant the amendments made by Schedule 5 shall be treated as though they were not in force until the day that is the earlier of (“the transitional end day”)—
(a)the day referred to in paragraph (2); or
(b)the day immediately following the day on which entitlement to a qualifying benefit ends.
(2) The day referred to is the later of—
(a)the day immediately following the end of the first benefit week, in the case of a legacy benefit claimant or SPC claimant, or the end of the first assessment period, in the case of a UC claimant, that ends on or after 6th April 2018; or
(b)the day immediately following the day referred to in paragraph (3).
(3) The day referred to is the earliest of—
(a)the day on which the Secretary of State receives notification from the claimant that the claimant does not wish to accept the offer of loan payments;
(b)(i)where the Secretary of State has received both the loan agreement and the documents referred to in regulation 5 within the period of 6 weeks beginning with the loan payments offer date, the day referred to in paragraph (4); or
(ii)where the Secretary of State has not received both the loan agreement and the documents referred to in regulation 5 within the period of 6 weeks beginning with the loan payments offer date, the day on which that period ends.
(4) The day referred to is the last day of the period of 4 weeks beginning with the first day at the beginning of which the Secretary of State has received the loan agreement and documents referred to in regulation 5(2).
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