This order establishes the legal priority of charges regarding properties sold under the Right to Buy scheme in the United Kingdom. The document serves as a statutory instrument issued by the government to clarify the financial obligations and security interests of lenders and local authorities. It provides the necessary regulatory framework to ensure that mortgage charges are properly ranked during the transfer of public housing to private ownership.

Legal professionals and housing policy researchers utilize this text as a primary source for understanding the historical evolution of UK housing privatization. It is considered a technical document intended for those requiring specific regulatory clarity on property law from that period.