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Lending institutions and savings institutions
299.—(1) The Housing Act 1985 is amended as follows.
(2) In section 36(4) (liability to repay is a charge on the premises), for the words from “a building society” to “a friendly society” substitute—
(3) In section 151B(5) (mortgage for securing redemption of landlord’s share)(), for the words from “a building society” to “a friendly society” substitute—
(4) In section 156(4) (liability to repay is a charge on the premises)(), for the words from “a building society” to “a friendly society” substitute—
(5) In section 447(1) (recognised lending institutions)—
(a)the entries relating to “ building societies”(), “trustees savings banks”, “banks”, “insurance companies” and “friendly societies” in the list of lending institutions recognised for the purposes of section 445 are repealed; and
(b)at the beginning of that list insert—
(6) In section 448(1) (recognised savings institutions)—
(a)the entries relating to “building societies”(), “trustees savings banks” and “banks” in the list of savings institutions recognised for the purposes of section 446 are repealed; and
(b)at the beginning of that list insert—
(7) In section 576 (meaning of “lending institution”) for the words from “a building society” to “an insurance company” substitute—
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