To 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 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.

To 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 Lord Chancellor has no plans to bring forward amendments to section 2 of the Law of Property (Miscellaneous Provisions) Act 1989.