Law of Property Act 1925: Fundamental legislation governing property law in England and Wales, essential for any property-related down payments and contracts
Law of Property (Miscellaneous Provisions) Act 1989: Regulates the formalities required for contracts relating to land and property, including requirements for written contracts
Consumer Rights Act 2015: Key legislation protecting consumer rights in transactions, relevant if the down payment involves a consumer party
Consumer Contracts Regulations 2013: Governs contracts between traders and consumers, including cancellation rights and information requirements
Consumer Credit Act 1974: Regulates consumer credit agreements and related financial arrangements, applicable if the down payment involves financing
Payment Services Regulations 2017: Regulates payment services and payment service providers in the UK, ensuring secure and proper handling of payments
Financial Services and Markets Act 2000: Provides the framework for financial services regulation in the UK, including payment handling and financial transactions
Money Laundering Regulations 2017: Sets out anti-money laundering requirements and due diligence procedures for financial transactions
Proceeds of Crime Act 2002: Covers money laundering offenses and the handling of proceeds from criminal conduct
Land Registration Act 2002: Governs the registration of land in England and Wales, relevant for property-related down payments
Housing Act 2004: Provides regulatory framework for housing matters, including certain aspects of property transactions
Limitation Act 1980: Sets time limits for bringing legal claims, including enforcement of contractual rights related to down payments
Finance Act 2003: Contains provisions for Stamp Duty Land Tax, relevant for property-related down payments above certain thresholds
