# The Home Purchase Assistance (Recognised Lending Institutions) (No. 1) Order 1988, Note: 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).

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Source: https://www.legislation.gov.uk/uksi/1988/84/note (the official version)
Page: https://openlegislation.uk/home-purchase-assistance-recognised-lending-institutions-no-1-order-1988/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.