Housing (Mortgage Allowance) Regulations, 1993 (Amendment) Regulations, 1998.

• Jurisdiction: Ireland
• Year: 1998
• Citation: IR SI 153/1998

S.I. No. 153 of 1998.

HOUSING (MORTGAGE ALLOWANCE) REGULATIONS, 1993 (AMENDMENT) REGULATIONS, 1998.

In exercise of the powers conferred on the Minister for the Environment and Local Government by section 5 of the Housing Act, 1996 (No. 21 of 1966), as amended by section 24 of the Housing (Miscellaneous Provisions) Act, 1992 (No. 18 of 1992), and by section 3 of the Housing Act, 1988 (No. 28 of 1988), which powers are delegated to me by the Environment and Local Government (Delegation of Ministerial Functions) Order, 1997 ( S.I. No. 427 of 1997 ), I Robert Molloy, Minister of State at the Department of the Environment and Local Government, with the consent of the Minister for Finance, hereby make the following Regulations:— 1. These Regulations may be cited as the Housing (Mortgage Allowance) Regulations, 1993 (Amendment) Regulations, 1998. 2. In these Regulations "the Regulations of 1993" means the Housing (Mortgage Allowance) Regulations, 1993 ( S.I. No. 32 of 1993 ). 3. Article 5 of the Regulations of 1993 shall apply where the mortgage securing the loan for the acquisition or construction of the house provided is created before 1st day of May, 1995. 4. The Regulations of 1993 are hereby amended by the insertion after article 5 of the following article:

"5A Where the mortgage securing the loan for the acquisition or construction of the house provided is created on or after the 1st day of May, 1995, the amount of a mortgage allowance that may be paid in respect of the loan during a period specified in column (2) of the Table to this article at any reference number in column (1) shall not exceed the amount specified in column (3) of the Table at that reference number or the amount of the loan charges incurred by the borrower in respect of the loan during that period, whichever is the lesser.

TABLE

Reference Number Period Amount (1) (2) (3) £ 1 Period of twelve months commencing on the date the loan or the final part thereof, as the case may be, is made to the borrower. 1,400 2 Period of twelve months commencing on the day next following the end of the period specified in this column at reference number 1 in column (1). 1,100 3 Period of twelve months commencing on the day next following the end of the period specified in this column at reference number 2 in column (1). 800 4 Period of twelve months commencing on the day next following the end of the period specified in this column at reference number 3 in column (1). 700 5 Period of twelve months commencing on the day next following the end of the period specified in this column at reference number 4 in column (1). 500 5. Article 7 of the Regulations of 1993 is hereby amended by the substitution for—

(a) paragraph (a) of sub-article (1) of the following:

"(a) the borrower—

(i) as a tenant of a house owned by a housing authority or a body approved of for the purposes of section 6 of the Housing (Miscellaneous Provisions) Act, 1992 , or

(ii) as a person, or the successor in title of a person, who was the tenant of a house provided by a housing authority and who purchased the house from the authority, on or after the 14th day of February, 1991, provides a housing authority or the approved body, as the case may be, with vacant possession of that house by surrendering the tenancy or by conveying that house without compensation to the...