The Housing (Right to Buy) (Priority of Charges) (No. 2) Order 1995

Statutory Instruments

1995 No. 2066

HOUSING, ENGLAND AND WALES

The Housing (Right to Buy) (Priority of Charges) (No. 2) Order 1995

Made

31st July 1995

Coming into force

21st August 1995

The Secretary of State, in exercise of the powers conferred on him by section 156(4) 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—

Citation and commencement

1.  This Order may be cited as the Housing (Right to Buy) (Priority of Charges) (No. 2) Order 1995 and shall come into force on 21st August 1995.

Specified Bodies

2.  The following bodies are hereby specified as approved lending institutions for the purposes of section 156(2) of the Housing Act 1985 (priority of charges)—

(a) Barshelfco (No. 68) Limited;

(b) C L Mortgages Limited;

(c) Legal & General Mortgages Limited;

(d) Market Harborough Mortgages Limited;

(e) Newbury Mortgage Services Limited;

(f) West Bromwich Mortgage Company Limited.

Signed by authority of the Secretary of State

David Curry

Minister of State,

Department of the Environment

24th July 1995

We consent,

Simon Burns

Bowen Wells

Two of the Lords Commissioners of Her Majesty’s Treasury

31st July 1995

Explanatory Note

(This note is not part of the Order)

This Order specifies six 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).

(1)

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

(2)

Section 156 was also amended by the Housing and Planning Act 1986 (c. 63), Schedule 5, paragraph 1(2) and (5) and by section 120(3) and (4) of the Leasehold Reform, Housing and Urban Development Act 1993 (c. 28).