PART XII HOUSE LOANS AND OTHER FINANCIAL ASSISTANCE
Assistance for first-time buyers
224C1Recognised lending institutions.
1
The lending institutions recognised for the purposes of section 222 (assistance for first-time buyers) are—
building societies,
local authorities,
development corporations,
The Scottish Special Housing Association,
banks,
insurance companies, and
friendly societies.
2
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.