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The Mortgage Indemnities (Recognised Bodies) (No. 1) Order 1988

S.I. 1988/87 · Made 21 January 1988

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 21st January 1988

Coming into force 12th February 1988

The Secretary of State, in exercise of the powers conferred on him by section 444(1) of the Housing Act 1985f1, and all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order:

Annotations to the whole text

Footnotes

f1

1985 c. 68.

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Schedule: RECOGNISED BODIES FOR THE PURPOSES OF SECTIONS 442 AND 443 OF THE HOUSING ACT 1985
  5. 1Paragraph 1
  6. 2Paragraph 2
  7. 3Paragraph 3
  8. 4Paragraph 4
  9. 5Paragraph 5
  10. Explanatory note

1

This Order may be cited as the Mortgage Indemnities (Recognised Bodies) (No. 1) Order 1988 and shall come into force on 12th February 1988.

2

The bodies named in the Schedule to this Order are hereby specified as recognised bodies for the purposes of sections 442 and 443 of the Housing Act 1985.

Signature

Nicholas Ridley

One of Her Majesty’s Principal Secretaries of State

13th January 1988

We consent,

David Lightbown

Peter Lloyd

Two of the Lords Commissioners of Her Majesty’s Treasury

21st January 1988

1

Abbey Life Home Service Limited.

2

Abbey Life Mortgage Securities Limited.

3

Abbey Life Residential Loans Limited.

4

General Portfolio Finance Limited.

5

Royal London Homebuy Limited.

Explanatory note

(This note is not part of the Order)

This Order specifies five additional bodies as recognised bodies for the purposes of sections 442 and 443 of the Act. Local authorities may, with the approval of the Secretary of State, enter into agreements with recognised bodies providing for indemnities, where such bodies make advances secured by way of mortgage on dwelling-houses bought from the public sector landlords listed in section 444(4) of the Act