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The Housing (Right to Buy) (Priority of Charges) Order 1997

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Explanatory Note

(This note is not part of the Order)

This Order specifies nine 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 that Act (priority of charges on voluntary disposals by local authorities) and section 12 of the Housing Act 1996 (priority of charges on voluntary disposals by registered social landlords).

Two statutory instruments were made, one on 30th January 1996 (S.I. 1996/162), the other on 26th September 1996 (S.I. 1996/2479), with the title “The Housing (Right to Buy) (Priority of Charges) Order 1996”. Article 3 of this Order revokes the second of those instruments but, Leek United Home Loans Limited, the body named in that Order as an approved lending institution within the meaning of section 156(4) of the Housing Act 1985, retains that status as it is specified as an approved lending institution in article 2(c) of the present Order.

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