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Explanatory note

Original text. Later amendments are not shown.

(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). Certain bodies are listed in section 447(1) and an additional body was specified by the Home Purchase Assistance (Recognised Lending Institutions) Order 1982 (S.I. 1982/976) which is retained in force by section 2 of the Housing (Consequential Provisions) Act 1985 (c. 71).