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SCHEDULE 2AMENDMENTS OF EXISTING POWER TO ADVANCE MONEY

PART 1AMENDMENT OF SECTION 435 OF THE HOUSING ACT 1985

1.  Section 435 of the Housing Act 1985 (power of local authorities to advance money) is amended in accordance with paragraphs 2 and 3 below.

2.  In subsection (1), omit paragraph (d) and the word “or” immediately preceding that paragraph.

3.  After subsection (1), insert the following subsection—

(1A) A local authority which is not a local housing authority may advance money to a person—

(a)for the purpose of altering, enlarging, repairing or improving a house, or

(b)for the purpose of facilitating the repayment of an amount outstanding on a previous loan made for any of those purposes..