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The Housing (Right to Buy) (Priority of Charges) Order 1994

S.I. 1994/1762 · Made 1 July 1994

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 1st July 1994

Coming into force 22nd July 1994

The Secretary of State, in exercise of the powers conferred on him by section 156(4) of the Housing Act 1985f1 and of all other powers enabling him in that behalf, with the consent of the Treasury and in accordance with representations made by Barshelfco (No. 15) Limitedf2, hereby makes the following Order–

Annotations to the whole text

Footnotes

f1

1985 c. 68; section 156(4) was amended by the Housing Act 1988 (c. 50), Schedule 17, paragraph 106.

f2

Seesection 156(6) of the Housing Act 1985 and article 3 of this Order.

Contents

  1. 1Citation and Commencement
  2. 2Specified Bodies
  3. 3Variation of previous Order
  4. Signature
  5. Explanatory note

1Citation and Commencement

This Order may be cited as the Housing (Right to Buy) (Priority of Charges) Order 1994 and shall come into force on 22nd July 1994.

2Specified Bodies

The following bodies are hereby specified as approved lending institutions for the purposes of section 156f1 of the Housing Act 1985 (priority of charges)–

(a)

Alliance & Leicester Mortgage Loans (No. 2) Limited;

(b)

Alliance & Leicester Mortgage Loans (No. 3) Limited;

(c)

Alliance & Leicester Mortgage Loans (No. 4) Limited;

(d)

Britannia Mortgage Company Number One Limited;

(e)

Britannia Mortgage Company Number Two Limited;

(f)

Collateralised Mortgage Securities (No. 16) PLC;

(g)

Saffron Walden Mortgage Services Limited;

(h)

Stroud and Swindon Mortgage Company (No. 2) Limited.

3Variation of previous Order

The words “(a) Barshelfco (No. 15) Limited” shall be omitted from article 2 of the Housing (Right to Buy) (Priority of Charges) (No. 2) Order 1991f1.

Signature

Signed by authority of the Secretary of State

G. S. K. Young

Minister of State,

Department of the Environment

28th June 1994

We consent,

Tim Wood

Tim Kirkhope

Two of the Lords Commissioners of Her Majesty’s Treasury

1st July 1994

Explanatory note

(This note is not part of the Order)

This Order specifies eight additional bodies as approved lending institutions for the purposes of section 156 of the Housing Act 1985 (priority of charges on disposals under the right to buy). (Other bodies have been specified by other Orders). Such bodies are also approved lending institutions for the purposes of section 36 of that Act (priority of charges on voluntary disposals by local authorities) and paragraph 2 of Schedule 2 to the Housing Associations Act 1985 (priority of charges on voluntary diposals by housing associations).

The Order also omits Barshelfco (No. 15) Limited, at its request, from a list of bodies specified as approved lending institutions by a previous Order.