[6A Loans secured on land]
Building Societies Act 1986 (1986 c 53) | Legislation

[6A  Loans secured on land]

[(1)     For the purposes of this Act a loan is secured on land if it is secured by—

(a)     a mortgage of a legal estate in land in England and Wales or Northern Ireland;

(b)     a heritable security over land in Scotland; or

(c)     a qualifying security over land in [the Isle of Man, the Channel Islands or Gibraltar].

[(1A)     For the purposes of this Act a loan is also secured on land if—

(a)     it was secured before IP completion day by a qualifying security over land in an EEA country or territory other than the United Kingdom, and

(b)     it continues to be secured by a qualifying security over that land.]

(2)     For the purposes of this Act a loan is also

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