Clause 23 - Owner's powers

Part of Land Registration Bill [Lords] – in a Public Bill Committee at 12:00 pm on 11 December 2001.

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Photo of Bill Cash Bill Cash Shadow Attorney General 12:00, 11 December 2001

I beg to move amendment No. 22, in page 11, line 9, at end insert—

'( ) A charge by way of legal mortgage created by an owner gives the mortgagee the protection, powers and remedies provided by section 87 of the Law of Property Act 1925 (c. 20), despite the fact that an owner does not have power to create a mortgage by demise or sub-demise.'.