PART XIV LOANS FOR ACQUISITION OR IMPROVEMENT OF HOUSING

Assistance for first-time buyers

447C1C2Recognised lending institutions.

1

The lending institutions recognised for the purposes of section 445 (assistance for first-time buyers) are—

  • F1an authorised deposit taker

  • an authorised insurer

  • F2. . .

    • local authorities,

    • F3development corporations,

    • the Development Board for Rural Wales,

    • F2. . .

    • F2. . .

    • F2. . .

    • F2. . .

    • F4Swansea Building Society

    • F5Abbey Life Home Service Limited.

    • Abbey Life Mortgage Securities Limited.

    • Abbey Life Residential Loans Limited.

    • General Portfolio Finance Limited.

    • Royal London Homebuy Limited.

    • F6Abbey Life Mortgage Finance Limited,

    • Abbey Life Mortgage Loans Limited,

    • CIS Mortgage Maker Limited

    • F7Mortgage Express Ltd.

    • F8Halifax Loans Limited

    • BNP Mortgages Limited.

    • F9Sun Life of Canada Home Loans Limited

    • Halifax Loans (No.2) Limited

    • Halifax Loans (No.3) Limited

    • Halifax Loans (No.4) Limited.

C3C42

The Secretary of State may by order made with the consent of the Treasury—

a

add to the list in subsection (1), or

b

direct that a named body shall no longer be a recognised lending institution;

but before making an order under paragraph (b) he shall give an opportunity for representations to be made on behalf of the body concerned.

3

An order shall be made by statutory instrument.