454. Devolution of statutory powers of sale.

The statutory power of sale under the Law of Property Act 19251 is exercisable by any person for the time being entitled to receive and give a discharge for the mortgage money2; that is, by persons who are mortgagees3, or have the mortgaged property vested in them (such as executors) or are equitable assignees of a legal charge4. Persons deriving title under the original mortgagee can also exercise the power of sale