Section 440: Deposits in respect of maintenance or repair of mortgaged premises.

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

Part XIV: LOANS FOR ACQUISITION OR IMPROVEMENT OF HOUSING

A local authority by whom has been advanced on the mortgage of a house in pursuance of any enactment may accept the deposit by the mortgagor of the sums estimated to be required for the maintenance or repair of the mortgaged premises, and may pay interest on sums so deposited.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.