The Income Tax (Interest Relief) (Qualifying Lenders) Order 1988

• Citation: S.I. 1988/781
• Sections: 4

Section 1

This Order may be cited as the Income Tax (Interest Relief) (Qualifying Lenders) 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—

Antony Gibbs & Sons Limited

Banque Indosuez S.A.

Banque Paribas

CHM Funding Limited

Choice Personal Finance Limited

Citibank Leasing Limited

Commercial Union Home Loans Limited

Commercial Union Mortgage Corporation Limited

Credit Commercial de France

Economic Home Loans Limited

Equity & Law Home Loans Limited

Exclusive Finance (1) Limited

Exclusive Finance (2) Limited

Exclusive Finance (3) Limited

Exclusive Finance (4) Limited

Exclusive Finance (5) Limited

FFM Limited

HMC Mortgage Notes 16 Limited

HMC Mortgage Notes 17 Limited

HMC Mortgage Notes 18 Limited

HMC Mortgage Notes 19 Limited

HMC Mortgage Notes 20 Limited

Home Mortgage Finance Limited

Legal & General Mortgage Services Limited

Marine Midland Capital Markets Limited

Mortgage Express Limited

MTL Funding (Berkley) Limited

MTL Funding (Grosvenor) Limited

MTL Funding (Kensington) Limited

MTL Funding (Mayfair) Limited

MTL Funding (Richmond) Limited

MTL Funding (Westminster) Limited

National Bank of Canada

NHL Seventh Funding Limited

NHL Eighth Funding Limited

NHL Ninth Funding Limited

NHL Tenth Funding Limited

NHL Eleventh Funding Limited

NM Home Loans No. 2 Limited

NM Home Loans No. 3 Limited

NM Home Loans No. 4 Limited

NM Home Loans No. 5 Limited

Paribas Gold Mortgages Limited

Paribas Home Funding Limited

Paribas Home Loans Limited

Paribas Lombard Mortgages Limited

Paribas Mortgage Funding Limited

Paribas Mortgage Loans Limited

Paribas Platinum Mortgages Limited

Paribas Silver Mortgages Limited

Royal London Homebuy Limited

TAF Mortgage Administration Limited

TAF Mortgage Funding Limited

TAF Mortgage Systems Limited

Top-Up Mortgage Services Limited

The Nippon Credit Bank Limited

TMC Mortgage Securities No. 11 p.l.c.

TMC Mortgage Securities No. 12 p.l.c.

TMC Mortgage Securities No. 13 p.l.c.

TMC Mortgage Securities No. 14 p.l.c.

TMC Mortgage Securities No. 15 p.l.c.

Section 4

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

Mortgage Holdings (Berkley) Limited

Mortgage Holdings (Grosvenor) Limited

Mortgage Holdings (Kensington) Limited

Mortgage Holdings (Mayfair) Limited

Mortgage Holdings (Richmond) Limited

Mortgage Holdings (Westminster) Limited