delete BODIES ADDED TO THE LIST IN SECTION 447(1) OF THE HOUSING ACT 1985
This Order adds bodies to the list of 'recognised lending institutions' under section 447(1) of the Housing Act 1985, making them eligible for government home purchase assistance programs. It represents a bureaucratic mechanism to control which lenders can participate in subsidised housing finance.
Creates an unnecessary government-approved list of lenders, distorting competition, raising barriers to entry, and adding regulatory compliance costs. Free markets should determine which institutions succeed without bureaucratic recognition. The underlying assistance program itself is a market intervention that could be replaced by direct consumer support, eliminating these distortions entirely.