The Home Purchase Assistance (Recognised Lending Institutions) (No. 2) Order 1988

Made: 5th October 1988

Coming into force: 27th October 1988

The Secretary of State, in exercise of the powers conferred on him by section 447(2) of the Housing Act 1985[^f00001], 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. 2) Order 1988 and comes into force on 27th October 1988.

2

The following bodies are hereby added to the list in section 447(1) of the Housing Act 1985:

• (a) Abbey Life Mortgage Finance Limited,

• (b) Abbey Life Mortgage Loans Limited,

• (c) CIS Mortgage Maker Limited.

Signed

Nicholas Ridley — One of Her Majesty’s Principal Secretaries of State — 19th September 1988

We consent,

David Lightbown — Tony Durant — Two of the Lords Commissioners of Her Majesty’s Treasury — 5th October 1988

Explanatory note

(This note is not part of the Order)

This Order adds three additional bodies to the list in section 447(1) of the Housing Act 1985. (Other bodies have been added to this list by previous orders.) Bodies which are so listed are lending institutions recognised for the purposes of section 445 of the Act and may receive advances from the Secretary of State under that section to enable them to provide assistance to first-time purchasers of house property (the“Homeloan” Scheme).

Footnotes

[^f00001]: 1985 c. 68.