SCHEDULES

F1SCHEDULE 7. . .

Annotations:
Amendments (Textual)
F1

Sch. 7 repealed (11.10.1993) by 1993 c. 28, s. 187(2), Sch. 22; S.I. 1993/2134, arts. 2, 4(b), Sch. 2 (with saving in Sch. 1 para. 4(1)).

2

1

The period over which repayment is to be made shall be—

a

25 years, or

b

where the mortgagor’s interest in the dwelling-house is leashold and the term of the lease is less than 25 years, a period equal to the term of the lease,

or, at the option of the mortgagor, a shorter period.

2

The period mentioned in sub-paragraph (1) may be extended by the mortgagee.