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SMALL DWELLINGS ACQUISITION ACT 1899 - SECT 2

Procedure for obtaining advance.

2. Before making an advance under this Act in respect of a house a [district
council] shall be satisfied

(a)that the applicant for the advance is resident or intends to reside in the
house, and is not already the proprietor within the meaning of this Act of a
house to which the statutory conditions apply; and

(b)that the value of the ownership of the house is sufficient; and

(c)that the title to the ownership is one which an ordinary mortgagee would be
willing to accept; and

(d)that the house is in good sanitary condition and good repair; and

(e)that the repayment to the [district council] of the advance is secured by
an instrument vesting the ownership (including any interest already held by
the purchaser) in the [district council] subject to the right of redemption by
the applicant, but such instrument shall not contain anything inconsistent
with the provisions of this Act.

© 1899 Crown Copyright

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