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Statutory Instrument 1989 No. 2329
The Housing (Right to Buy) (Priority of Charges) (No. 3) Order 1989
(The document as of February, 2008)
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STATUTORY INSTRUMENTS
1989 No. 2329
HOUSING, ENGLAND AND WALES
The Housing (Right to Buy) (Priority of Charges) (No. 3) Order 1989
| Coming into force | 9th December 1989 |
The Secretary of State for the Environment, as respects England, and the Secretary of State for Wales, as respects Wales, in exercise of the powers conferred on them by section 156(4) of the Housing Act 1985[1], and of all other powers enabling them in that behalf, and with the consent of the Treasury, hereby make the following Order: 1. This Order may be cited as the Housing (Right to Buy) (Priority of Charges) (No. 3) Order 1989 and shall come into force on 9th December 1989. 2. The following bodies are hereby specified as approved lending institutions for the purposes of section 156 of the Housing Act 1985: (a) Halifax Loans Limited (b) BNP Mortgages Limited.
Chris Patten
Secretary of State for the Environment
4th December 1989
Peter Walker
Secretary of State for Wales
4th December 1979
We consent,
John Taylor
Tom Sackville
Two of the Lords Commissioners of Her Majesty's Treasury
6th December 1989
EXPLANATORY NOTE
(This note is not part of the Order)Under the Housing Act 1985 ("the 1985 Act") liability to repay discount following the exercise of the right to buy or the right to be granted a shared ownership lease is secured by a charge on the dwelling-house. Such a charge does not have priority over certain charges securing advances by bodies which are approved lending institutions for the purposes of section 156 of that Act.
Article 2 of this Order specifies two additional bodies as approved lending institutions. (Other bodies have been specified by previous orders.)
ISBN 0 11 098329 7
Notes:[1] 1985 c. 68.
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