Statutory Instrument 1988 No. 1723

The Home Purchase Assistance (Recognised Lending Institutions) (No. 2) Order 1988

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© Crown Copyright 1988

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1988 No. 1723

HOUSING, ENGLAND AND WALES

The Home Purchase Assistance (Recognised Lending Institutions) (No. 2) Order 1988

The Secretary of State, in exercise of the powers conferred on him by section 447(2) of the Housing Act 1985^[1] , and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order:

    1.    This Order may be cited as the Home Purchase Assistance (Recognised Lending Institutions) (No. 2) Order 1988 and comes into force on 27th October 1988.

    2.    The following bodies are hereby added to the list in section 447(1) of the Housing Act 1985:
 (a) Abbey Life Mortgage Finance Limited,
 (b) Abbey Life Mortgage Loans Limited,
 (c) CIS Mortgage Maker Limited.

Nicholas Ridley

One of Her Majesty's Principal Secretaries of State

19th September 1988
We consent,

David Lightbown

Tony Durant

Two of the Lords Commissioners of Her Majesty's Treasury

5th October 1988

This Order adds three additional bodies to the list in section 447(1) of the Housing Act 1985. (Other bodies have been added to this list by previous orders.) Bodies which are so listed are lending institutions recognised for the purposes of section 445 of the Act and may receive advances from the Secretary of State under that section to enable them to provide assistance to first-time purchasers of house property (the"Homeloan" Scheme).

[1] 1985 c. 68. back