125 Mortgages: required statements, etc

125  Mortgages: required statements, etc

[(1)     Any mortgage of land held by or in trust for a charity must—

(a)     state that the land is held by or in trust for a charity,

(b)     state whether the charity is an exempt charity and whether the mortgage is one falling within section 124(9), and

(c)     if the charity is not an exempt charity and the mortgage is not one falling within section 124(9), include the statement required by subsection (1A).

(1A)     The statement is—

(a)     in a case where section 124(1) applies, a statement that

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