The statutory provisions relating to the effect of conveyances by mortgagees1 apply whether the mortgage2 was created before or after the commencement of the Law of Property Act 1925, 3and to mortgage terms created by that Act4. In the case of a mortgage of freeholds, the provisions do not operate to confer a better title to the fee simple than would have been acquired if the statutory restrictions on the effect and creation of mortgages5 had not been in force and the fee simple had been validly conveyed by the mortgage and all prior mortgages, if any, not being
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