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Statutory Instruments
1990 No. 1387
HOUSING, ENGLAND AND WALES
The Home Purchase Assistance (Recognised Lending Institutions) Order 1990
Made
5th July 1990
Coming into force
27th July 1990
The Secretary of State, in exercise of the powers conferred on him by section 447(2) of the Housing Act 1985(1) and of all other powers enabling him in that behalf, and with the consent of the Treasury, hereby makes the following Order:
1. This Order may be cited as the Home Purchase Assistance (Recognised Lending Institutions) Order 1990 and shall come into force on 27th July 1990.
2. The following bodies are hereby added to the list in section 447(1) of the Housing Act 1985:
(a)Sun Life of Canada Home Loans Limited
(b)Halifax Loans (No. 2) Limited
(c)Halifax Loans (No. 3) Limited
(d)Halifax Loans (No. 4) Limited.
Chris Patten
One of Her Majesty's Principal Secretaries of State
27th June 1990
We consent,
John Taylor
David Lightbown
Two of the Lords Commissioners of Her Majesty's Treasury
5th July 1990
Explanatory Note
(This note is not part of the Order)
This Order adds four additional bodies to the list in section 447(1) of the Housing Act 1985. (Other bodies have been added to this list by previous Orders.) Bodies which are so listed are lending institutions recognised for the purposes of section 445 (assistance for first-time buyers) of the Act and may receive advances from the Secretary of State under that section to enable them to provide assistance to first-time purchasers of house property (the "Homeloan" Scheme).