
1 
This Order may be cited as the Income Tax (Interest Relief) (Qualifying Lenders) (No. 2) Order 1988.
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.
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
4 
Article 3 of the Income Tax (Interest Relief) (Qualifying Lenders) Order 1987 shall be amended by omitting the words—“Mortgage Funding No. 2 LimitedMortgage Funding No. 3 LimitedMortgage Funding No. 4 LimitedMortgage Funding No. 5 Limited”.
Tony Durant 
David Maclean
Two of the Lords Commissioners of Her Majesty’s Treasury
9th November 1988