1996 No. 1269

HOUSING, ENGLAND AND WALES

The Housing (Change of Landlord) (Payment of Disposal Cost by Instalments) (Amendment No. 2) Regulations 1996

Made

Laid before Parliament

Coming into force

The Secretary of State for the Environment, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred upon them by sections 104(2A), 111(a), 112 and 114(1) of the Housing Act 19881 and of all other powers enabling them in that behalf, hereby make the following Regulations—

1

These Regulations may be cited as the Housing (Change of Landlord) (Payment of Disposal Cost by Instalments) (Amendment No. 2) Regulations 1996 and shall come into force on 7th June 1996.

2

In regulation 3(3) of the Housing (Change of Landlord) (Payment of Disposal Cost by Instalments) Regulations 19902 (payment by instalments) for “7.48 per cent.” substitute “7.17 per cent.”.

3

The Housing (Change of Landlord) (Payment of Disposal Cost by Instalments) (Amendment) Regulations 19963 are revoked.

4

Regulations 2 and 3 do not apply in respect of any period before the date these Regulations come into force (notwithstanding that interest included in the amount of an instalment is paid on or after that date).

Signed by authority of the Secretary of State for the Environment

David CurryMinister of State,Department of the Environment
William HagueSecretary of State for Wales

(This note is not part of the Regulations)

These Regulations amend the Housing (Change of Landlord) (Payment of Disposal Cost by Instalments) Regulations 1990 by decreasing, from 7.48 per cent to 7.17 per cent, the rate of interest on outstanding disposal costs which are payable by instalments under Part IV of the Housing Act 1988 (change of landlord: secure tenants). They also revoke the Regulations which prescribed the previous interest rate. Regulation 4 preserves the previous interest rate in respect of any period before these Regulations come into force.