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Housing (Scotland) Act 2014

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Changes over time for: Section 93

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Housing (Scotland) Act 2014, Section 93 is up to date with all changes known to be in force on or before 10 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

93Right to redeem heritable security after 20 years: power to exemptS

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(1)In section 11 of the Land Tenure Reform (Scotland) Act 1974 (c.38) (right to redeem heritable security after 20 years where security subjects used as a private dwelling), after subsection (3C) insert—

(3D)The right to redeem a heritable security conferred by this section does not apply to a heritable security which is in security of a debt of a description specified in an order made by the Scottish Ministers.

(3E)An order under subsection (3D) may—

(a)disapply the right to redeem conferred by this section subject to conditions or restrictions,

(b)restrict the disapplication of the right to redeem conferred by this section to—

(i)specified descriptions of debt,

(ii)specified creditors, or creditors of specified descriptions,

(ii)specified heritable securities, or heritable securities of specified descriptions,

(c)prescribe circumstances in which the disapplication of the right to redeem conferred by this section is to apply or cease to apply.

(3F)An order under subsection (3D) is subject to the negative procedure..

(2)In section 21 of the Land Tenure Reform (Scotland) Act 1974 (provisions for contracting out to be void), for “and 11(3A)” substitute “ , 11(3A) and 11(3D) ”.

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