# The Home Purchase Assistance (Recognised Lending Institutions) (No. 2) Order 1987, Note: Explanatory note


(This note is not part of the Order)
This Order specifies two additional bodies for the purposes of section 447 of the Housing Act 1985. Bodies recognised as lending institutions for the purposes of section 447 may receive advances from the Secretary of State to enable them to provide assistance to first-time purchasers of house property (the “Homeloan” Scheme).

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Source: https://www.legislation.gov.uk/uksi/1987/1809/note (the official version)
Page: https://openlegislation.uk/home-purchase-assistance-recognised-lending-institutions-no-2-order-1987/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.