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The Home Purchase Assistance (Recognised Lending Institutions) (No. 1) Order 1988
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Statutory Instruments
1988 No. 84
HOUSING, ENGLAND AND WALES
The Home Purchase Assistance (Recognised Lending Institutions) (No. 1) Order 1988
Made
21st January 1988
Coming into force
12th February 1988
The Secretary of State, in exercise of the powers conferred on him by section 447(2) 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 Home Purchase Assistance (Recognised Lending Institutions) (No. 1) Order 1988 and comes into force on 12th February 1988.
2. The bodies named in the Schedule to this Order are hereby added to the list in section 447(1) of the Housing Act 1985.
Nicholas Ridley
One of Her Majesty’s Principal Secretaries of State
13th January 1988
We consent,
David Lightbown
Peter Lloyd
Two of the Lords Commissioners of Her Majesty’s Treasury
21st January 1988
SCHEDULEBODIES ADDED TO THE LIST IN SECTION 447(1) OF THE HOUSING ACT 1985
1. Abbey Life Home Service Limited.
2. Abbey Life Mortgage Securities Limited.
3. Abbey Life Residential Loans Limited.
4. General Portfolio Finance Limited.
5. Royal London Homebuy Limited.
Explanatory Note
(This note is not part of the Order)
This Order adds five additional bodies to the list in section 447(1) of the Housing Act 1985. Such bodies are lending institutions recognised for the purposes of section 445 of the Act and may receive advances from the Secretary of State to enable them to provide assistance to first-timer purchasers of house property (the “Homeloan” Scheme).
(1)
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