Statutory Instrument 1991 No. 2053

The Mortgage Indemnities (Recognised Bodies) Order 1991

---

© Crown Copyright 1991

Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.

The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.

It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.

The text of this Internet version of the Statutory Instrument has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The Mortgage Indemnities (Recognised Bodies) Order 1991, ISBN 0110150538. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.

Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.

To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.

1991 No. 2053

HOUSING, ENGLAND AND WALES

The Mortgage Indemnities (Recognised Bodies) Order 1991

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 withthe consent of the Treasury, hereby makes the following Order:

Citation and commencement
    1.    This Order may be cited as the Mortgage Indemnities (Recognised Bodies) Order 1991 and shall come into force on 30th September 1991.

Specified Bodies
    2.    The following bodies are hereby specified as recognised bodies for the purposes of sections 442 and 443 of the Housing Act 1985 (agreements to indemnify mortgagees and contributions to mortgage costs):
 (a) Barshelfco (No. 15) Limited;
 (b) Barshelfco (No. 16) Limited;
 (c) Finance for Mortgages Limited;
 (d) Mortgage Services Funding plc;
 (e) Mortgage Services Limited;
 (f) Norwich Union Mortgage Finance Ltd;
 (g) Scotlife Home Loans (No.2) Limited;
 (h) The Mortgage Business Public Limited Company;
 (i) Universal Credit Limited.

Signed by authority of the Secretary of State for the Environment

G. S. K. Young

Minister of State, Department of the Environment

28th August 1991
We consent,

Sydney Chapman

Irvine Patnick

Two of the Lords Commissioners of Her Majesty's Treasury

9th September 1991

This Order specifies nine additional bodies as recognised bodies for the purposes of sections 442 and 443 of the Housing Act 1985. (Other bodies have been specified by previous Orders.)

Section 442 provides for a local authority, with the approval of the Secretary of State, to enter into agreements with a recognised body to indemnify such a body against any loss or expense arising from an advance made by it on the security of a house or flat bought from a local authority, a new town corporation, an urban development corporation, the Development Board for Rural Wales, the Corporation, or a registered housing association.

Section 443 provides for a local authority to contribute towards costs incurred in connection with a legal charge to secure such an advance.

[1] 1985 c. 68. back