Before 1926, a legal mortgage of freehold property was made by the same form of assurance and framed on the same principles as an absolute conveyance, subject, however, to a proviso for redemption. Any purported conveyance of an estate in fee simple by way of mortgage1 made after 1925 operates (to the extent of the estate of the mortgagor2) as a demise of the land3 to the mortgagee4 for a term of years absolute without impeachment of waste, but subject to cesser on redemption
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234