9
In forceCapitalisation of interest
Schedule 4Transferred provisions—HomeFund Restructuring Act 1993
Part 4Miscellaneous
9 Capitalisation of interest
For the avoidance of doubt, it is declared that the provisions of registered Memoranda numbers Y 901844, Y 901845, Y 901846, Y 901847, Y 901848, Z 274110, Z 274111, Z 274112, Z 274113 and Z 274114 relating to capitalisation of interest permit, and have always permitted, the capitalisation of the interest accrued for the month to which a monthly instalment relates less any money actually received by the mortgagee on account of interest so accrued.
This Act’s bill:Explanatory memorandumSecond reading speech
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