§ Mr. FrenchTo ask the Attorney-General what representations he has received about the effects of section 2 of the Law of Property (Miscellaneous Provisions) Act 1989.
§ The Attorney-GeneralThe Lord Chancellor has received four representations from practitioners and an academic about the effect of section 2 of the Law of Property (Miscellaneous Provisions) Act 1989. In general terms these raised the following matters: (1) options (2) security documents (3) equitable charges (4) contracts by exchange of correspondence. The Lord Chancellor is satisfied that no amendment to section 2 is required in the light of these representations.
§ Mr. FrenchTo ask the Attorney-General if he will bring forward amendments to section 2 of the Law of Property (Miscellaneous Provisions) Act 1989 so that it does not apply to the exercise of an option on property granted after 27 September 1989.
§ The Attorney-GeneralThe Lord Chancellor has no plans to bring forward amendments to section 2 of the Law of Property (Miscellaneous Provisions) Act 1989.