Section 437: Power of local authority on disposal to leave amount outstanding on mortgage.

Housing Act 1985 · 1985 c. 68View on legislation.gov.uk

Part XIV: LOANS FOR ACQUISITION OR IMPROVEMENT OF HOUSING

On the disposal of a house under section 32 (disposal by local authority of land held for purposes of Part II(—

by way of sale, or
by the grant or assignment of a lease at a premium

the local authority may agree to the price or premium, or part of it, and any expenses incurred by the purchaser, being secured by a mortgage of the premises.

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