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Housing Act 1985
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Version Superseded: 20/10/2014
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- 01/02/1991- Amendment
- 11/10/1993
Point in time - 20/10/2014- Amendment
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Housing Act 1985, Paragraph 1 is up to date with all changes known to be in force on or before 13 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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1(1)The rate of interest shall be whichever is for the time being the higher of—E+W
(a)the standard national rate, or
(b)the applicable local average rate.
(2)The rate shall be capable of being varied by the local authority whenever a change in either or both of those rates requires it; and the amount of the periodic payments shall be capable of being changed accordingly.
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