Statutory Instruments

1994 No. 1762

HOUSING, ENGLAND AND WALES

The Housing (Right to Buy) (Priority of Charges) Order 1994

Made

1st July 1994

Coming into force

22nd July 1994

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, with the consent of the Treasury and in accordance with representations made by Barshelfco (No. 15) Limited(2), hereby makes the following Order-�

Citation and Commencement

1. This Order may be cited as the Housing (Right to Buy) (Priority of Charges) Order 1994 and shall come into force on 22nd July 1994.

Specified Bodies

2. The following bodies are hereby specified as approved lending institutions for the purposes of section 156(3) of the Housing Act 1985 (priority of charges)-�

(a)Alliance & Leicester Mortgage Loans (No. 2) Limited;

(b)Alliance & Leicester Mortgage Loans (No. 3) Limited;

(c)Alliance & Leicester Mortgage Loans (No. 4) Limited;

(d)Britannia Mortgage Company Number One Limited;

(e)Britannia Mortgage Company Number Two Limited;

(f)Collateralised Mortgage Securities (No. 16) PLC;

(g)Saffron Walden Mortgage Services Limited;

(h)Stroud and Swindon Mortgage Company (No. 2) Limited.

Variation of previous Order

3. The words "(a) Barshelfco (No. 15) Limited" shall be omitted from article 2 of the Housing (Right to Buy) (Priority of Charges) (No. 2) Order 1991(4).

Signed by authority of the Secretary of State

G. S. K. Young

Minister of State,

Department of the Environment

28th June 1994

We consent,

Tim Wood

Tim Kirkhope

Two of the Lords Commissioners of Her Majesty's Treasury

1st July 1994

Explanatory Note

(This note is not part of the Order)

This Order specifies eight 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 other 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 diposals by housing associations).

The Order also omits Barshelfco (No. 15) Limited, at its request, from a list of bodies specified as approved lending institutions by a previous Order.

(1)

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

(2)

Seesection 156(6) of the Housing Act 1985 and article 3 of this Order.

(3)

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).

(4)

S.I. 1991/2052.