Qualifying lenders to apply direct payments to discharge of claimant's liability
- Apply direct payments to reduce claimant's mortgage liability
Northern Ireland Statutory Rule
2017
United Kingdom
The Loans for Mortgage Interest Regulations (Northern Ireland) 2017
At a glance
What's here
4 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Application by qualifying lenders of any amount which exceeds liability
- Apply excess direct payments to arrears, principal or other sums
Provision of information
- Share mortgage information with the Department on request
Recovery of sum wrongly paid
- Repay wrongly paid sums to the Department on request
Browse 46 other Schedules — structural / supplementary
Application of Part 1
Payments of interest on qualifying loans and alternative finance payments
Loans incurred during relevant period
Application of Part 2
Payments of interest on loans and alternative finance payments
Application of Part 1
Liable or treated as liable to make payments
Treated as not liable to make payments
Application of Part 2
Liable or treated as liable to make payments
Treated as not liable to make payments
Interpretation
Absences for certain reasons up to 52 weeks
Application of Part 3
Occupying accommodation: general rule
Living in other accommodation due to essential repairs
Moving homes: adaptations to new homes for disabled person
Living in other accommodation due to fear of violence
Moving in delayed by adaptations to accommodation to meet needs of disabled person
Moving into accommodation following a stay in hospital or a residential care home, nursing home or independent hospital
Temporary absence exceeding 6 months
Application of Part 2
Occupying accommodation: general rule
Full-time study
Living in other accommodation during essential repairs
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
Moving in delayed for certain reasons
Temporary absence to try new accommodation of up to 13 weeks
Temporary absence of up to 13 weeks
Direct payments
Determining the amount to be paid to a qualifying lender: one or more qualifying loans
Determining the amount to be paid to a qualifying lender: more than one qualifying loan
Fees payable by qualifying lenders
Election not to be regarded as a qualifying lender
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The ESA Regulations are amended as follows—
The UC Regulations are amended as follows—
In regulation 30(1)(b) of the Transitional Provisions Regulations —
The Claims and Payments Regulations are amended as follows—
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Browse 24 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
The offer of loan payments
Acceptance of loan payments offer
Conditions to meet before the loan payments can be made
Information condition
Time of each loan payment
Period covered by loan payments
Duration of loan payments
Calculation of each loan payment
Calculation in respect of qualifying loans
Calculation in respect of alternative finance payments
Standard rate to be applied under regulations 11 and 12
Non-dependant deductions
Insurance payment deduction
Interest
Repayment
Direct payments to qualifying lenders
Consequential amendments
Transitional provision: loan offer made before 6th April 2018
Transitional provision: loan offer made on or after 6th April 2018
Transitional provision: persons who lack capacity or may lack capacity identified before 6th April 2018
Transition from legacy benefit to universal credit
Delegation
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