The Income Tax (Interest Relief) (Qualifying Lenders) (No. 2) Order 1988

• Citation: S.I. 1988/1962
• Sections: 4

Section 1

This Order may be cited as the Income Tax (Interest Relief) (Qualifying Lenders) (No. 2) Order 1988.

Section 2

The bodies named in article 3 below are prescribed for the purposes of section 376 of the Income and Corporation Taxes Act 1988 and shall become qualifying lenders with effect from the dates and in respect of the loans specified in the following paragraphs—

(a) with effect from the thirtieth day after the making of this Order, in relation to new loans (that is loans which are made on or after that day);

(b) with effect from the making of this Order, in relation to transferred loans (that is loans transferred from another qualifying lender on or after the making of this Order the interest on which is at the time of transfer relevant loan interest payable by a qualifying borrower);

(c) with effect from the 6th April 1989, in relation to other loans made by the body concerned before the thirtieth day after the making of this Order.

Section 3

The following are the bodies referred to in article 2 above—

Abbey Life Mortgage Loans Limited

Abbey National PLC

Arbuthnot Latham Bank Limited

BAII London Limited

Bergen Bank A/S

Boston Safe Deposit and Trust Company ( UK ) Limited

Citicorp Investment Bank Limited

Equity & Law Home Loans (NO 2) Limited

Equity & Law Home Loans (NO 3) Limited

Equity & Law Home Loans (NO 4) Limited

Equity & Law Home Loans (NO 5) Limited

Equity & Law Home Loans (NO 6) Limited

Framework Homeloans Limited

Gracechurch Mortgage Finance (NO 2) Limited

Grosvenor Mortgages Limited

HMC Financing 5 Limited

HMC Financing 6 Limited

HMC Financing 7 Limited

HMC Mortgage Notes 9 PLC

Home Loans For Scotland Limited

Mortgage Funding Corporation NO 1 PLC

Mortgage Funding Corporation NO 2 PLC

Mortgage Funding Corporation NO 3 PLC

Mortgage Funding Corporation NO 4 Limited

North Yorkshire Mortgages Limited

NPI Mortgages Limited

Overseas Chinese Banking Corporation Limited

Professional and Executive Management Services (Midlands) Limited

Providence Capital Mortgages Services (NO 1) Limited

Providence Capital Mortgage Services (NO 2) Limited

Scotiabank (UK) Limited

SRF Financing 1 PLC

SRF Financing 2 PLC

SRF Financing 3 PLC

SRF Financing 4 PLC

SRF Mortgage Notes 1 PLC

SRF Mortgage Notes 2 PLC

SRF Mortgage Notes 3 PLC

SRF Mortgage Notes 4 PLC

SRF Mortgage Notes 5 PLC

SRF Mortgage Notes 6 PLC

The Commercial & Residential Mortgage Corporation Limited

The Sumitomo Trust and Banking Company Limited

UMC 3 Limited

UMC 4 Limited

Union Bank of Finland Ltd.

Wesleyan Home Loans Limited

Section 4

Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1987 shall be amended by omitting the words—

Mortgage Funding No. 2 Limited

Mortgage Funding No. 3 Limited

Mortgage Funding No. 4 Limited

Mortgage Funding No. 5 Limited