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Housing (Scotland) Act 1987
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Changes over time for: Section 73A
Version Superseded: 30/09/2002
Alternative versions:
- 27/09/1993- Amendment
- 27/05/1997
Point in time - 30/09/2002- Amendment
- 01/08/2016- Amendment
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Point in time view as at 27/05/1997. This version of this provision has been superseded.
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F173A The rent to loan scheme.S
(1)Under the rent to loan scheme, the price fixed for a house under section 62 shall be payable in two elements, viz—
(a)the initial capital payment; and
(b)the deferred financial commitment.
(2)In the application of subsection (3) of section 62 to the price of a house being purchased by way of the rent to loan scheme, each of the percentage figures specified in that subsection shall be reduced by 15 or such other number as may, with the consent of the Treasury, be prescribed.
(3)The conditions which are, under section 64, to be contained in an offer to sell under section 63(2) shall, in the case of a house which is to be purchased by way of the rent to loan scheme, include a condition providing that the tenant will be entitled to ownership of the house in exchange for the initial capital payment.
(4)The deferred financial commitment shall be secured by a standard security over the house.
Textual Amendments
F1Ss. 73A-73D inserted (27.9.1993) by 1993 c. 28, s. 142; S.I. 1993/2163, art. 2, Sch. 1.
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