The Loans for Mortgage Interest Regulations (Northern Ireland) 2017

1. Introductory Text

2. 1. Citation and commencement

3. 2. Interpretation

4. 3. The offer of loan payments

5. 4. Acceptance of loan payments offer

6. 5. Conditions to meet before the loan payments can be made

7. 6. Information condition

8. 7. Time of each loan payment

9. 8. Period covered by loan payments

10. 9. Duration of loan payments

11. 10. Calculation of each loan payment

12. 11. Calculation in respect of qualifying loans

13. 12. Calculation in respect of alternative finance payments

14. 13. Standard rate to be applied under regulations 11 and 12

15. 14. Non-dependant deductions

16. 15. Interest

17. 16. Repayment

18. 17. Direct payments to qualifying lenders

19. 18. Consequential amendments

20. 19. Transitional provision: existing claimants

21. 20. Transitional provision: lack of capacity

22. 21. Transition from legacy benefit to universal credit

23. 22. Delegation

24. Signature

25. 1. SCHEDULE 1

       Meaning of owner-occupier payments

       1. PART 1 Legacy benefit claimants and SPC claimants

          1. 1. Application of Part 1

          2. 2. Payments of interest on qualifying loans and alternative finance payments

          3. 3. Loans incurred during relevant period

       2. PART 2 UC claimants

          1. 4. Application of Part 2

          2. 5. Payments of interest on loans and alternative finance payments

    2. SCHEDULE 2

       Circumstances in which a claimant is, or is to be treated as, liable to make owner-occupier payments

       1. PART 1 Legacy benefit claimants and SPC claimants

          1. 1. Application of Part 1

          2. 2. Liable or treated as liable to make payments

          3. 3. Treated as not liable to make payments

       2. PART 2 UC claimants

          1. 4. Application of Part 2

          2. 5. Liable or treated as liable to make payments

          3. 6. Treated as not liable to make payments

    3. SCHEDULE 3

       Circumstances in which a claimant is, or is to be, treated as occupying accommodation

       1. PART 1 General

          1. 1. Interpretation

       2. PART 2 Legacy benefit claimants and SPC claimants

          1. 2. Application of Part 2

          2. 3. Occupying accommodation: general rule

          3. 4. Full-time study

          4. 5. Living in other accommodation during essential repairs

          5. 6. Living in other accommodation due to fear of violence, where a claimant’s partner is a full-time student or where moving into new accommodation

          6. 7. Moving in delayed for certain reasons

          7. 8. Temporary absence to try new accommodation of up to 13 weeks

          8. 9. Temporary absence of up to 13 weeks

          9. 10. Absences for certain reasons up to 52 weeks

       3. PART 3 UC claimants

          1. 11. Application of Part 3

          2. 12. Occupying accommodation: general rule

          3. 13. Living in other accommodation due to essential repairs

          4. 14. Moving homes: adaptations to new homes for disabled person

          5. 15. Living in other accommodation due to fear of violence

          6. 16. Moving in delayed by adaptations to accommodation to meet needs of disabled person

          7. 17. Moving into accommodation following a stay in hospital or a residential care home, nursing home or independent hospital

          8. 18. Temporary absence exceeding 6 months

    4. SCHEDULE 4

       Direct payments to qualifying lenders

       1. 1. Direct payments

       2. 2. Determining the amount to be paid to a qualifying lender: one qualifying loan

       3. 3. Determining the amount to be paid to a qualifying lender: more than one qualifying loan

       4. 4. Qualifying lenders to apply direct payments to discharge of claimant’s liability

       5. 5. Application by qualifying lenders of any amount which exceeds liability

       6. 6. Fees payable by qualifying lenders

       7. 7. Election not to be regarded as a qualifying lender

       8. 8. Provision of information

       9. 9. Recovery of sum wrongly paid

    5. SCHEDULE 5

       Consequential amendments

       1. 1. The IS Regulations are amended as follows—

       2. 2. The JSA Regulations are amended as follows—

       3. 3. Schedule 2 of the SPC Regulations is amended as follows—...

       4. 4. The ESA Regulations are amended as follows—

       5. 5. The UC Regulations are amended as follows—

       6. 6. In regulation 30(1)(b) of the Transitional Provisions Regulations—

26. Explanatory Note