132 Powers of court to mitigate hardship to mortgagors under regulated mortgages
Rent Act 1977 (1977 c 42) | Legislation

132  Powers of court to mitigate hardship to mortgagors under regulated mortgages

(1)     The powers of the court under this section [become exercisable, in relation to a regulated mortgage] only on an application made by the mortgagor within 21 days, or such longer time as the court may allow, after the occurrence of one of the following events:—

(a)     the rate of interest payable in respect of the mortgage is increased; or

(b)     a rent for a dwelling-house comprised in the mortgage is registered under Part IV of this Act and the rent so registered is lower than the rent which was payable immediately

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