The Housing (Right to Buy) (Priority of Charges) (England) Order 1999

Link to law: http://www.legislation.gov.uk/uksi/1999/2919/made/data.htm?wrap=true
Published: 1999-10-26

Statutory Instruments
1999 No. 2919

HOUSING, ENGLAND
The Housing (Right to Buy) (Priority of Charges) (England) Order 1999

Made
26th October 1999

Coming into force
16th November 1999

The Secretary of State for the Environment, Transport and the Regions, in exercise of the powers conferred on him by section 156(4) of the Housing Act 1985(1), hereby makes the following Order—

Citation, commencement and extent

1.—(1) This Order may be cited as the Housing (Right to Buy) (Priority of Charges) (England) Order 1999 and shall come into force on 16th November 1999.

(2) This Order extends to England only.

Specified Bodies

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

(a)Mortgages 1 Limited—Company No. 3186649

(b)Mortgages 2 Limited—Company No. 3587558

(c)Mortgages 4 Limited—Company No. 3695068

Signed by authority of the Secretary of Statefor the Environment, Transport and the Regions

Nick Raynsford
Minister of State
Department of the Environment, Transport and the Regions
26th October 1999

Explanatory Note

(This note is not part of the Order)
This Order specifies three 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 previous orders. Such bodies hereby also become approved lending institutions for the purposes of section 36 of the 1985 Act (priority of charges on voluntary disposals by local authorities) and section 12 of the Housing Act 1996 (priority of charges on voluntary disposals by registered social landlords).
As section 156 of the Housing Act 1985 is applied by section 171A of that Act for cases in which a tenant’s right to buy is preserved and by section 17 of the Housing Act 1996 for cases in which a tenant has the right to acquire under section 16 of the 1996 Act, the specified bodies are also approved lending institutions for the purposes of those rights.


(1)
1985 c. 68; section 156(4) was amended by the Housing Act 1988 (c. 50), Schedule 17, paragraph 106 and by Part XIII of Schedule 19 to the Housing Act 1996 (c. 52). The Secretary of State’s functions under section 156, so far as exercisable in relation to Wales, were transferred to the National Assembly for Wales by S.I. 1999/672, Article 2 and Schedule 1.

(2)
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).
Read Entire Law on www.legislation.gov.uk