261. Priority of charges of registered land.

The statutory provisions for the registration of land charges1 do not apply to charges if and so far as they affect registered land and can be protected under the Land Registration Act 20022.

The priority of an interest, such as a charge, affecting a registered estate or charge3 is not affected by a disposition of the estate or charge4, save that if a registrable disposition5 of a registered estate or charge is made for valuable consideration