SCHEDULES

SCHEDULE 1 E+W DISCHARGE OF MORTGAGES ETC.: SUPPLEMENTARY PROVISIONS

Part I E+W Discharge In Pursuance Of Purchase Notices

Construction E+W

1 E+WIn this Part of this Schedule—

• “the consideration payable” means the consideration payable to [F1 the purchaser] for the disposal by him of the property referred to in [F2 section 12B(7)];

• “ [F1 the purchaser]” has the same meaning as in section 12, and accordingly includes any person to whom that section applies by virtue of [F3 section 16(4) or (5)]; and

• “the nominated person” means the person or persons nominated as mentioned in [F4 section 12B(2)].

Textual Amendments

F1 Words in Sch. 1 para. 1 substituted (1.10.1996) by 1996 c. 52, s. 92(1), Sch. 6 Pt. IV para. 11(1)(a); S.I. 1996/2212, art. 2(2) (with Sch.)

F2 Words in definition of “consideration payable” in Sch. 1 para. 1 substituted (1.10.1996) by 1996 c. 52, s. 92(1), Sch. 6 Pt. IV para. 11(1)(b)(i); S.I. 1996/2212, art. 2(2) (with Sch.)

F3 Words in definition of “the purchaser” in Sch. 1 para. 1 substituted (1.10.1996) by virtue of 1996 c. 52, s. 92(1), Sch. 6 Pt. IV para. 11(1)(b)(ii); S.I. 1996/2212, art. 2(2) (with Sch.)

F4 Words in definition of “the nominated person” in Sch. 1 para. 1 substituted (1.10.1996) by 1996 c. 52, s. 92(1), Sch. 6 Pt. IV para. 11(1)(c); S.I. 1996/2212, art. 2(2) (with Sch.)