PART XIV E+W LOANS FOR ACQUISITION OR IMPROVEMENT OF HOUSING

Local authority assistance in connection with mortgages E+W

[F1 444 Relevant advances for the purposes of section 443. E+W

The expression “relevant advance” in section 443 (contributions to mortgage costs) means an advance made to a person whose interest in the house (or building to be converted into a house) on the security of which the advance is made is, or was, acquired by virtue of a conveyance of the freehold, or a grant or assignment of a long lease, by a housing authority.]

Textual Amendments

F1 S. 444 substituted (24.9.1996) by 1996 c. 52, ss. 222, 232(2), Sch. 18 para. IV para. 29