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Housing Associations Act 1985

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This is the original version (as it was originally enacted).

81Further advances in case of disposal on shared ownership lease

Where—

(a)a lease of a dwelling, granted otherwise than in pursuance of the provisions of Part V of the [1985 c. 68.] Housing Act 1985 (the right to buy) relating to shared ownership leases, contains a provision to the like effect as that required by paragraph 1 of Schedule 8 to that Act (terms of snared ownership lease: right of tenant to acquire additional shares), and

(b)the Corporation has, in exercise of any of its powers, left outstanding or advanced any amount on the security of the dwelling,

that power includes power to advance further amounts for the purpose of assisting the tenant to make payments in pursuance of that provision.

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