(1) Subject to section 36, a building society may -

(a) invest in a body to which this section applies,

(b) support a body to which this section applies or an approved housing body that is to say, provide any of the following services to (or in the case of subparagraph (iii) to or on behalf of) a body to which this section applies in which it invests, or to an approved housing body -

(i) loans with or without security and whether or not at interest,

(ii) grants of money,

(iii) guarantees, indemnities or security of any nature in respect of the discharge of their liabilities or the performance of their obligations, and

(iv) the use of services or property, whether or not for payment.

(2)