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The Housing (Right to Buy) (Priority of Charges) Order 1996

S.I. 1996/162 · Made 30 January 1996

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 30th January 1996

Coming into force 20th February 1996

The Secretary of State for the Environment, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred on them by section 156(4) of the Housing Act 1985f1 and of all other powers enabling them in that behalf, and with the consent of the Treasury, hereby make 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.

Contents

  1. 1Citation and commencement
  2. 2Specified Bodies
  3. Signature
  4. Explanatory note

1Citation and commencement

This Order may be cited as the Housing (Right to Buy) (Priority of Charges) Order 1996 and shall come into force on 20th February 1996.

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)

Bradford & Bingley Loans Limited;

(b)

Bradford & Bingley Management Limited;

(c)

Bradford & Bingley Secured Loans Limited;

(d)

Bradford & Bingley Secured Loans Management Limited;

(e)

Chelsea Mortgage Services Limited;

(f)

City Mortgage Corporation Limited;

(g)

Pickering Finance Limited;

(h)

Swift Advances Plc;

(i)

Swift Securities Plc.

Signature

Signed by authority of the Secretary of State for the Environment

David Curry

Minister of State,

Department of the Environment

25th January 1996

We consent,

Liam Fox

Simon Burns

Two of the Lords Commissioners of Her Majesty’s Treasury

30th January 1996

Explanatory note

(This note is not part of the Order)

This Order specifies nine 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 previous 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 disposals by registered housing associations).