[451 Local loans made by the Treasury]
Housing Act 1985 (1985 c 68) | Legislation

Miscellaneous

[451  Local loans made by the Treasury]

(1)     The [Treasury] may lend money for the purpose of constructing or improving houses, or facilitating or encouraging the construction or improvement of houses, to any person entitled to land for an estate in fee simple absolute in possession or for a term of years absolute of which not less than 50 years remains unexpired.

[(1A)     Any loan made under subsection (1) is a local loan for the purposes of section 3 of the National Loans Act

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