# The Building Societies (Limits on Lending) Order 1988, Note: Explanatory note


(This note is not part of the Order)
This Order increases from £10,000 to £15,000 the limit on loans which a building society may make to an individual under section 15 of the Building Societies Act 1986 for the purchase of a mobile home, and increases from £5,000 to £10,000 the limit on loans (other than mobile home loans and loans fully secured on land) which a building society may make to an individual under section 16 of the 1986 Act.

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Source: https://www.legislation.gov.uk/uksi/1988/1197/note (the official version)
Page: https://openlegislation.uk/building-societies-limits-on-lending-order-1988/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.