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The Home Purchase Assistance (Recognised Lending Institutions) (No. 1) Order 1988

S.I. 1988/84 · Made 21 January 1988

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

HOUSING, ENGLAND AND WALES

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 1985f1, and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1985 c. 68.

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Schedule: BODIES ADDED TO THE LIST IN SECTION 447(1) OF THE HOUSING ACT 1985
  5. 1Paragraph 1
  6. 2Paragraph 2
  7. 3Paragraph 3
  8. 4Paragraph 4
  9. 5Paragraph 5
  10. Explanatory note

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.

Signature

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

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).