Housing (Mortgage Allowance) Regulations, 1993.
Statutory Instruments
Source: Statutory Instruments

num: 1
paragraphs: These Regulations may be cited as the Housing (Mortgage Allowance) Regulations, 1993.
num: 2
paragraphs: (1) In these Regulations, any reference to a Schedule or article is a reference to a Schedule or article of these Regulations and any reference to a sub-article is a reference to a sub-article of the article in which the reference occurs.
(2) In these Regulations—
"house" has the meaning given to it by the Housing (Miscellaneous Provisions) Act, 1979 ;
"the Minister" means the Minister for the Environment;
"tax reference number" means—
( a ) in the case of a person paying income tax under PAYE, the Revenue and Social Insurance (RSI) Number stated on any determination of tax-free allowances issued to that person by an inspector of taxes, or
( b ) in the case of a self-employed person or a company, the reference number stated on any return of income form or notice of assessment issued to that person or company by an inspector of taxes.
num: 3
paragraphs: These Regulations shall apply to a subsidy (hereinafter referred to as "a mortgage allowance") payable by the Minister under section 3 of the Housing Act, 1988 , towards loan charges incurred by a person (hereinafter referred to as "the borrower") in respect of a loan made by an assurance company, a bank, a building society, a credit union, any other industrial or commercial organisation or a housing authority for the acquisition or construction of a house (hereinafter referred to as "the house provided").
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paragraphs: A function which under these Regulations is to be discharged by a housing authority (hereinafter referred to as "the appointed authority"), shall be discharged—
( a ) where the house provided is situate in a county health district (inclusive of any town having commissioners under the Towns Improvement (Ireland) Act, 1854) or an urban district, other than the urban districts of Athlone, Bray or Dundalk, by the council of the county in which such county health district or urban district is situate,
( b ) where the house provided is situate in a county borough or borough, by the corporation of such county borough or borough, and
( c ) where the house provided is situate in the urban district of Athlone, Bray or Dundalk, by the council of such urban district.
num: 5
paragraphs: The amount of a mortgage allowance that may be paid in respect of a 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
(1)
Period
(2)
Amount
(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.
1,000
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)
800
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)
600
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)
500
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)
400
num: 6
paragraphs: A mortgage allowance may be paid to the lender of a loan in monthly instalments (or by such other periodic payments as the Minister may determine) and the lender shall, upon the receipt of any such instalment (or other periodic payment), credit it as if it were a payment by the borrower in respect of the loan.
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paragraphs: (1) A mortgage allowance shall not be paid unless—
( a ) the borrower—
(i) as a tenant of a house owned by a housing authority, 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 with vacant possession of that house by surrendering the tenancy or by conveying that house without compensation to the authority, free from arrears of rent or purchase annuities and, in the opinion of the authority, in a fit and tenantable condition;
( b ) a contract for the purchase of the house provided is made by the borrower on or after the 14th day of February, 1991, or where the borrower has the house built on a site he has available, the foundations are completed on or after that date;
( c ) the amount of the loan for the acquisition or construction of the house provided is not less than £10,000;
( d ) the house provided is, in the opinion of the appointed authority, suitable for the needs of the borrower and of those persons who might reasonably be expected to reside with him;
( e ) the borrower furnishes to the appointed authority his tax reference number and details of his tax district and a statement that, to the best of his knowledge, his tax affairs are in order;
( f ) where the house provided has not previously been occupied by any other person—