# Housing Act 1985, Paragraph 2

Extent: E+W

(1) The period over which repayment is to be made shall be—
(a) 25 years, or
(b) where the mortgagor’s interest in the dwelling-house is leashold and the term of the lease is less than 25 years, a period equal to the term of the lease,
or, at the option of the mortgagor, a shorter period.
(2) The period mentioned in sub-paragraph (1) may be extended by the mortgagee.

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Source: https://www.legislation.gov.uk/ukpga/1985/68/schedule/7/paragraph/2 (the official version)
Page: https://openlegislation.uk/housing-act-1985/schedule-7/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.