148. Power of tenant in tail to mortgage.

(iii)     Tenants in Tail

148.     Power of tenant in tail to mortgage.

A tenant in tail can as such have only an equitable interest in the land entailed1, but if he is tenant in tail in possession he will normally have the legal estate of freehold, or the legal term in leaseholds, vested in him as estate owner on the trusts of the settlement2. The tenant in tail then has the statutory power of mortgaging of a tenant for life3. However, the tenant in tail differs from other limited owners in that he possesses special statutory powers of