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The Housing (Right to Buy) (Priority of Charges) (No. 2) Order 1997
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- 1997 No. 2327
- Explanatory Note
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Explanatory Note
(This note is not part of the Order)
This Order specifies eight bodies as approved lending institutions for the purposes of section 156 of the Housing Act 1985 (priority of charges on disposals under the right to buy). Other bodies have been specified by previous orders. Such bodies are also approved lending institutions for the purposes of section 36 of the 1985 Act (priority of charges on voluntary disposals by local authorities) and section 171A of that Act (cases in which the tenant’s right to buy is preserved). Section 171A was inserted by section 8 of the Housing and Planning Act 1986 (c. 63). They are also approved lending institutions for the purposes of section 12 of the Housing Act 1996 (priority of charges on voluntary disposals by registered social landlords) and section 16 of that Act (tenant’s right to acquire dwelling).
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