Statutory Instrument 1988 No. 1727

The Mortgage Indemnities (Recognised Bodies) (No. 2) Order 1988

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© Crown Copyright 1988

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1988 No. 1727

HOUSING, ENGLAND AND WALES

The Mortgage Indemnities (Recognised Bodies) (No. 2) Order 1988

The Secretary of State, in exercise of the powers conferred on him by section 444(1) 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 Mortgage Indemnities (Recognised Bodies) (No. 2) Order 1988 and shall come into force on 27th October 1988.

    2.    The following bodies are hereby specified as recognised bodies for the purposes of sections 442 and 443 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 October1988

This Order specifies three additional bodies as recognised bodies for the purposes of sections 442 and 443 of the Housing Act 1985. Local authorities may, with the approval of the Secretary of State, enter into agreements with recognised bodies providing for indemnities, where such bodies make advances secured by way of mortgage on dwelling-houses bought from the public sector landlords listed in section 444(4) of the Act.

[1] 1985 c. 68. back