PART XIV LOANS FOR ACQUISITION OR IMPROVEMENT OF HOUSING

Local authority assistance in connection with mortgages

444F1 Relevant advances for the purposes of section 443.

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.