SCHEDULE 17 Conditions Relating to House Loans
Housing (Scotland) Act 1987 (1987 c 26) | Legislation

SCHEDULE 17 Conditions Relating to House Loans

Section 214(8)

1

The provisions of this Schedule shall have effect with respect to an advance under section 214.

2

The advance, together with interest thereon, shall be secured by a heritable security.

3

The amount of the principal of the advance shall not exceed the value of the subjects disponed or assigned in security, or as the case may be, the value which it is estimated the subjects disponed or assigned in security will bear when the construction, conversion, alteration, enlargement, repair or improvement has been carried out.

4

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