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(1)A secure tenant who has the right to buy has the right, subject to the following provisions of this Part—
(a)to leave the whole or part of the aggregate amount mentioned in section 133(1) outstanding on the security of a first mortgage of the dwelling-house, or
(b)if the landlord is a housing association, to have the whole or part of that amount advanced to him on that security by the Housing Corporation;
and in this Act that right is referred to as “the right to a mortgage.”
(2)Where the right to buy belongs jointly to two or more persons, the right to a mortgage also belongs to them jointly.
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