Section 435 — Housing Act 1985: Power of local authorities to advance money.

Power of local authorities to advance money. 435 1 A local authority may advance money to a person for the purpose of—

a acquiring a house, b constructing a house, c converting another building into a house or acquiring another building and converting it into a house, . . . d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . or for the purpose of facilitating the repayment of an amount outstanding on a previous loan made for any of those purposes. 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.

2 The authority may make an advance notwithstanding that it is intended that some part of the premises will be used, or continue to be used, otherwise than as a dwelling if it appears to the authority that the principal effect of making the advance would be to meet the applicant’s housing needs;

and in such a case the premises shall be treated as a building to be converted into a house.

3 The authority may make advances whether or not the houses or buildings are in the authority’s area.

4 An advance may be made in addition to assistance given by the authority in respect of the same house under any other Act or any other provision of this Act.