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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Mortgage Indemnities (Recognised Bodies) (No. 3) Order 1989 No. 2330 URL: http://www.bailii.org/uk/legis/num_reg/1989/uksi_19892330_en.html |
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Statutory Instruments
HOUSING, ENGLAND AND WALES
Made
6th December 1989
Coming into force
9th December 1989
The Secretary of State, in exercise of the powers conferred on him by section 444(1) 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:
1. This Order may be cited as the Mortgage Indemnities (Recognised Bodies) (No. 3) Order 1989 and shall come into force on 9th December 1989.
2. The following bodies are hereby specified as recognised bodies for the purposes of sections 442 and 443 of the Housing Act 1985-�
(a)Halifax Loans Limited
(b)BNP Mortgages Limited.
Chris Patten
One of Her Majesty's Principal Secretaries of State
4th December 1989
We consent,
John Taylor
Tom Sackville
Two of the Lords Commissioners of her Majesty's Treasury
6th December 1989
(This note is not part of the Order)
This Order specifies two additional bodies as recognised bodies for the purpose of sections 442 and 443 of the Housing Act 1985. (Other bodies have been specified by previous Orders.)
Section 442 provides for a local authority, with the approval of the Secretary of State, to enter into agreements with a recognised body to indemnify such a body against any loss or expense arising from an advance made by it on the security of a house or flat bought from one of the landlords listed in section 444(4) of the Act. Section 443 provides for a local authority to contribute towards costs incurred in connection with a legal charge to secure such an advance.