LegalizeThe Home Purchase Assistance (Price-limits) Order 1991
Made: 21st March 1991
Laid before the House of Commons: 10th April 1991
Coming into force: 1st May 1991
The Secretary of State for the Environment, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred on them by section 445 of the Housing Act 1985[^f00001], and the Secretary of State for Scotland, as respects Scotland, in exercise of the powers conferred on him by section 222 of the Housing (Scotland) Act 1987[^f00002], and of all other powers enabling them in that behalf, hereby make the following Order:–
Citation and commencement
1
This Order may be cited as the Home Purchase Assistance (Price-limits) Order 1991 and shall come into force on 1st May 1991.
Prescribed price-limits
2
The amounts mentioned in the Schedule to this Order are prescribed as the price-limits for the purposes of section 445 of the Housing Act 1985 or section 222 of the Housing (Scotland) Act 1987 (as the case may be) in respect of house property situated in the areas mentioned in relation thereto in that Schedule.
Revocation
3
The Home Purchase Assistance (Price-limits) Order 1989[^f00003]is hereby revoked.
SCHEDULE
| The counties of Cleveland, Durham, Northumberland and Tyne and Wear | £38,500 |
|---|---|
| The counties of Humberside, North Yorkshire, South Yorkshire and West Yorkshire | £44,200 |
| The counties of Derbyshire, Leicestershire, Lincolnshire, Northamptonshire and Nottinghamshire | £45,700 |
| The counties of Cambridgeshire, Norfolk and Suffolk | £57,400 |
| Greater London | £83,600 |
| The counties of Bedfordshire, Berkshire, Buckinghamshire, East Sussex, Essex, Hampshire, Hertfordshire, Isle of Wight, Kent, Oxfordshire, Surrey and West Sussex | £69,900 |
| The counties of Avon, Cornwall, Devon, Dorset, Gloucestershire, Somerset and Wiltshire and the Isles of Scilly | £54,900 |
| The counties of Hereford and Worcester, Shropshire, Staffordshire, Warwickshire and West Midlands | £46,000 |
| The counties of Cheshire, Cumbria, Greater Manchester, Lancashire and Merseyside | £45,500 |
| Wales | £40,800 |
| Scotland | £38,100 |
Signed
Michael Heseltine — Secretary of State for the Environment — 20th March 1991
David Hunt — Secretary of State for Wales — 20th March 1991
James Douglas-Hamilton — Parliamentary Under Secretary of State, Scottish Office — 21st March 1991
Explanatory note
(This note is not part of the Order)
The Secretary of State is empowered to make advances to recognised lending institutions enabling them to provide assistance to first-time purchasers of house property, in respect of England and Wales under section 445 of the Housing Act 1985, and in respect of Scotland under section 222 of the Housing (Scotland) Act 1987.
That assistance, under section 446 of the Housing Act 1985 in England and Wales and under section 223 of the Housing (Scotland) Act 1987 in Scotland, may take the form of a bonus of up to £110 on savings and a loan of £600 additional to that which the lending institution would otherwise have made and free of any obligation to repay principal, or to pay interest, for up to five years. Assistance is available only where the purchase price of the property is within the limit prescribed by the Secretary of State and where the other conditions are satisfied in sections 445 and 446 of the Housing Act 1985 or in sections 222 and 223 of the Housing (Scotland) Act 1987 as appropriate. This Order prescribes different limits for different areas which are higher than or identical to those prescribed by the Home Purchase Assistance (Price-limits) Order 1989, which is revoked.
Footnotes
[^f00001]: 1985 c. 68.
[^f00002]: 1987 c. 26.
[^f00003]: S.I. 1989/137.
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