http://www.legislation.gov.uk/ukpga/1996/53/section/73Housing Grants, Construction and Regeneration Act 1996An Act to make provision for grants and other assistance for housing purposes and about action in relation to unfit housing; to amend the law relating to construction contracts and architects; to provide grants and other assistance for regeneration and development and in connection with clearance areas; to amend the provisions relating to home energy efficiency schemes; to make provision in connection with the dissolution of urban development corporations, housing action trusts and the Commission for the New Towns; and for connected purposes.1996-07-24texttext/xmlenStatute Law Database2025-05-23Expert Participation2025-05-19
Part I Grants, &c. for renewal of private sector housingChapter II Conditions of participation Payment of balance of cost, &c: cessation of conditions.731If at any time while a condition of participation under section 70 or 71 remains in force—athe assisted participant pays the balance of the cost to the local housing authority,ba mortgagee of the interest of the assisted participant in the premises being a mortgagee entitled to exercise a power of sale, makes such a payment,cthe authority determine not to demand payment on the breach of a condition of participation, ordthe authority demand payment in whole or in part on the breach of a condition of participation and that demand is satisfied,that condition and any other conditions of participation shall cease to be in force with respect to the premises of that assisted participant.2An amount paid by a mortgagee under subsection (1)(b) above shall be treated as part of the sums secured by the mortgage and may be discharged accordingly.3The purposes authorised for the application of capital money by—asection 73 of the Settled Land Act 1925,b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .csection 26 of the Universities and College Estates Act 1925,include the making of payments under this section.Pt. 1 Ch. 2 (ss. 60-75) repealed (19.7.2003) by The Regulatory Reform (Housing Assistance) (England and Wales) Order 2002 (S.I. 2002/1860), arts. 1(3), 11(1), 15, Sch. 3 para. 27, Sch. 6 (with art. 11(2))1925 c. 18. S. 73(3)(b) repealed (1.1.1997) by 1996 c. 47, s. 25(2), Sch. 4 (ss. 24(2), 25(4)); S.I. 1996/2974, art. 21925 c. 24.