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4. Despite the commencement of section 1 (abolition of the right to buy) of the Act, the provisions repealed or modified by subsection (1) of that section and by paragraphs 1, 2, 4(7) and (8), 9, 10(3), (4) and (5)(b), 14 to 16, 18(3), (6) and (7)(a) and 19 of schedule 2 to the Act continue to have effect as they had effect on 31st July 2016 in relation to—
(a)any application to purchase submitted under section 63(1) of the 1987 Act() before 1st August 2016;
(b)any contract to purchase, and any purchase, following on from such an application.
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