Housing (Sale of Houses) Regulations, 1995.
Statutory Instruments
Source: Statutory Instruments

num: 1
paragraphs: These Regulations may be cited as the Housing (Sale of Houses) Regulations, 1995.
2 Interpretation
num: 2
paragraphs: (1) In these Regulations, any reference to—
( a ) an article which is not otherwise identified is a reference to an article of these Regulations;
( b ) a sub-article which is not otherwise identified is a reference to a sub-article of the article in which the reference occurs.
(2) In these Regulations—
"market value" means the amount which, in the opinion of the housing authority who own it, a dwelling, if sold on the open market in its existing state of repair and condition and not subject to the special conditions referred to in article 10, might reasonably be expected to realise, reduced,
( a ) where improvements have been carried out to the dwelling other than by or on behalf of the authority, by the portion (if any) of such amount that, in the opinion of the authority, is attributable to such improvements; and
( b ) where the site of the dwelling was provided to the authority for a nominal sum, by the excess (if any) of the market value of the site over such sum.
"the Minister" means the Minister for the Environment;
"section 90" means section 90 of the Housing Act, 1966 , as substituted by section 26 of the Housing (Miscellaneous Provisions) Act, 1992 .
3 Application
num: 3
paragraphs: These Regulations, other than article 14, shall apply to the sale under section 90 by a housing authority of a dwelling (hereinafter referred to as "the dwelling") to the tenant thereof (hereinafter referred to as "the purchaser") in accordance with a purchase scheme adopted by the authority with effect from 1st day of May, 1995 under section 90.
4 Sale in fee simple or by way of shared ownership lease
num: 4
paragraphs: A dwelling to which these Regulations apply shall be sold either by the sale of the fee simple or by way of a shared ownership lease and the provisions of section 3 of the Housing (Miscellaneous Provisions) Act, 1992 shall apply in relation to any sale by way of a shared ownership lease on the terms set out in the Transfer Order contained in the Second Schedule to these Regulations provided that the sum of money payable by the purchaser in respect of the grant of the lease shall be not less than 50% of the purchase money.
5 Purchase money for dwelling
num: 5
paragraphs: The purchase money for the dwelling shall be its market value reduced by the amount of the discount under article 6 (hereinafter referred to as "the discount") and the amount of the allowance, if any, under article 8.
6 Discount
num: 6
paragraphs: The discount shall be an amount equal to three per cent of the market value in respect of each year of the reckonable period of tenancy determined by the housing authority in accordance with article 7, subject to a maximum of thirty per cent of the market value, plus £3,000.
7 Reckonable period of tenancy
num: 7
paragraphs: (1) Subject to sub-article (2), the reckonable period of tenancy shall be the aggregate, immediately prior to the date of the completion of the sale, of the following periods where they are continuous and to such extent as they are not contemporaneous—
( a ) the period of the tenancy of the purchaser or his spouse of the dwelling and of any other dwelling let by a housing authority,
( b ) the period (if any) during which the purchaser or his spouse occupied the dwelling as a purchaser under the terms of a previous sale of the dwelling by the housing authority, and
( c ) where the purchaser or his spouse—
(i) was, for a period of at least one year immediately preceding his appointment as tenant of any dwelling by a housing authority, bona fide resident in such dwelling as a member of the household of the preceding tenant, and
(ii) succeeded to the tenancy of such dwelling,
the period that would be reckonable in respect of such preceding tenant by virtue of this sub-article if such tenant were purchasing the particular dwelling to which the purchaser succeeded him as tenant.
(2) The reckonable period of tenancy determined in accordance with this article shall be rounded up to the next number of complete years where such rounding up would not result in the addition of more than six months to such period.
8 Allowance for previous purchase
num: 8
paragraphs: An allowance shall be deducted from the market value, after the discount has been allowed, of an amount equal to the amount (if any) of capital paid to the housing authority by the purchaser or his spouse in accordance with the terms of a previous sale of the dwelling to him or his spouse by the authority.
9 Payment of purchase money
num: 9
paragraphs: (1) Where the dwelling is being sold in fee simple, the purchase money for the dwelling shall be paid to the housing authority in full on the completion of the sale.
(2) Where the dwelling is being sold by way of a shared ownership lease, the sum of money payable in respect of the grant of the lease shall be paid to the housing authority in full on the grant of the lease.
(3) Where any portion of the purchase money in accordance with sub-article (1) or (2) is being financed by way of a loan by a housing authority to the purchaser under section 11 of the Housing (Miscellaneous Provisions) Act, 1992 , "paid" in sub-article (1) means the completion by the purchaser of a mortgage contract in respect of such loan.
10 Special conditions
num: 10
paragraphs: The sale of the dwelling shall be subject to the special conditions referred to in paragraph (b) and (c) of section 89 of the Housing Act, 1966 , for a period of twenty years from the date of the completion of the sale, or such longer period as may be provided for in a shared ownership lease.
11 Transfer order
num: 11
paragraphs: (1) The transfer order for the sale of a dwelling, shall—