delete The Mortgage Indemnities (Recognised Bodies) (No. 2) Order 1995
This 1995 Order designates four specific companies (Barshelfco (No. 68) Limited, C L Mortgages Limited, Market Harborough Mortgages Limited, and Newbury Mortgage Services Limited) as recognised bodies for purposes of mortgage indemnity arrangements under the Housing Act 1985. It grants these specific companies exclusive status to enter into mortgage indemnity agreements and receive contributions to mortgage costs.
This instrument creates a government-enforced closed list restricting mortgage indemnity activities to four specifically named companies, limiting competition and market access. As a 30-year-old administrative designation with no apparent current operational relevance to modern mortgage markets, it represents regulatory clutter with no democratic scrutiny since 1995. Such recognition requirements distort market entry and likely serve to protect these specific firms from competition rather than genuinely protecting consumers.