# The Housing (Right to Buy) (Priority of Charges) (England) (No.3) Order 2006

S.I. 2006/3242 · made 5 December 2006

This Order specifies two bodies as approved lending institutions for the purposes of section 156 of the Housing Act 1985 (which specifies that liability to repay the covenant required by section 155 under the right to buy is a charge on the premises, and deals with priority of charges on disposals). Other bodies have been specified by previous orders. In being specified for the purposes of that section the bodies also become approved lending institutions for the purposes of section 36 of the Housing Act 1985 (priority of charges on voluntary disposals by local authorities) and section 12 of the Housing Act 1996 (priority of charges on voluntary disposals by registered social landlords).

Made under: Housing Act 1985 (Section 156)

PDFs: Printed copy https://openlegislation.uk/housing-right-to-buy-priority-of-charges-england-no3-order-2006/pdf/uksi_20063242_en.pdf

## Introductory text

HOUSING, ENGLAND
Made 5th December 2006
Coming into force 26th December 2006
The Secretary of State, in exercise of the powers conferred by section 156(4) of the Housing Act 1985, makes the following Order:

## 1 Citation, commencement and application

(1) This Order may be cited as the Housing (Right to Buy) (Priority of Charges) (England) (No.3) Order 2006 and shall come into force on 26th December 2006.
(2) This Order applies in England only.

## 2 Specified bodies

Beacon Homeloans Limited (Company No. 5304252) and Accord Mortgages Limited (Company No. 2139881) are specified as approved lending institutions for the purposes of section 156 of the Housing Act 1985.

## Signature

Signed by authority of the Secretary of State for Communities and Local Government
Yvette Cooper
Minister of State
Department for Communities and Local Government
5th December 2006

## Explanatory note

(This note is not part of the Order)
This Order specifies two bodies as approved lending institutions for the purposes of section 156 of the Housing Act 1985 (which specifies that liability to repay the covenant required by section 155 under the right to buy is a charge on the premises, and deals with priority of charges on disposals). Other bodies have been specified by previous orders. In being specified for the purposes of that section the bodies also become approved lending institutions for the purposes of section 36 of the Housing Act 1985 (priority of charges on voluntary disposals by local authorities) and section 12 of the Housing Act 1996 (priority of charges on voluntary disposals by registered social landlords).
Section 156 of the Housing Act 1985 is applied by section 171A of that Act (inserted by section 8 of the Housing and Planning Act 1986) to cases in which a tenant’s right to buy is preserved, and by section 17 of the Housing Act 1996, to cases in which a tenant has the right to acquire under section 16 of that Act. The specified bodies are therefore also approved lending institutions for the purposes of those rights.

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Source: https://www.legislation.gov.uk/uksi/2006/3242 (the official version)
Page: https://openlegislation.uk/housing-right-to-buy-priority-of-charges-england-no3-order-2006
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.