PART XIV

LOANS FOR ACQUISITION OR IMPROVEMENT OF HOUSING

Assistance for first-time buyers

Recognised lending institutions.
447
1
The lending institutions recognised for the purposes of section 445 (assistance for first-time buyers) are—
- an authorised deposit taker
- an authorised insurer
- . . .
  - local authorities,
  - development corporations,
  - the Development Board for Rural Wales,
. . .. . .. . .. . .
  - Swansea Building Society
  - Abbey Life Home Service Limited.
  - Abbey Life Mortgage Securities Limited.
  - Abbey Life Residential Loans Limited.
  - General Portfolio Finance Limited.
  - Royal London Homebuy Limited.
  - Abbey Life Mortgage Finance Limited,
  - Abbey Life Mortgage Loans Limited,
  - CIS Mortgage Maker Limited
  - Mortgage Express Ltd.
  - Halifax Loans Limited
  - BNP Mortgages Limited.
  - Sun Life of Canada Home Loans Limited
  - Halifax Loans (No.2) Limited
  - Halifax Loans (No.3) Limited
  - Halifax Loans (No.4) Limited.
2
The Secretary of State may by order made with the consent of the Treasury—
a
add to the list in subsection (1), or
b
direct that a named body shall no longer be a recognised lending institution;
but before making an order under paragraph (b) he shall give an opportunity for representations to be made on behalf of the body concerned.
3
An order shall be made by statutory instrument.
Ss. 445–450: power to amend or repeal conferred by Local Government and Housing Act 1989 (c. 42, SIF 61), s. 171(1)(a)(2)
S. 447 amended by S.I. 1986/148, art. 10(6)
Words in s. 447(1) inserted (1.12.2001) by S.I. 2001/3649, arts. 1, 299(5)(b)
Words in s. 447(1) repealed (1.12.2001) by S.I. 2001/3649, arts. 1, 299(5)(a)
Words in s. 447 substituted (1.12.2008) by The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2008 (S.I. 2008/3002), arts. 4, 6, Sch. 1 para. 20 (with Sch. 2); S.I. 2008/3068, arts. 1(2), 2(1)(b) (with arts. 6-13)
Entry added by S.I. 1986/1489, art. 2
Entries added by S.I. 1988/84, art. 2, Sch.
Entries added by S.I. 1988/1723, art. 2
Entry added by S.I. 1989/956, art. 2
Entries added by S.I. 1989/2328, art. 2
Entries added by S.I. 1990/1387, art. 2
By S.I. 1987/1202, art. 2, Sch. the bodies “Yorkshire Bank Home Loans Limited” and “Abbey Life Home Loans Limited.” are specified for the purposes of section 447(2)
By S.I. 1987/1809, art. 2, Sch. the bodies “Abbey Life Executive Mortgages Limited.” and “Abbey Life Funding Limited.” are specified for the purposes of section 447(2)