156 Liability to repay is a charge on the premises
Housing Act 1985 (1985 c 68) | Legislation

156  Liability to repay is a charge on the premises

(1)     The liability that may arise under the covenant required by section 155 is a charge on the dwelling-house, taking effect as if it had been created by deed expressed to be by way of legal mortgage.

[(2)     Subject to subsections (2A) and (2B), the charge has priority as follows—

(a)     if it secures the liability that may arise under the covenant required by section 155(2), immediately after any legal charge securing an amount advanced to the secure tenant by an approved lending institution for the purpose of enabling him to exercise the right to buy;

(b)     if it secures the liability that may arise under the covenant required by section 155(3), immediately after the mortgage—

(i)     which is required by section 151B (mortgage for securing redemption of landlord's share), and

(ii)     which, by virtue of subsection (2) of that section, has priority immediately after any legal charge securing an amount advanced to the secure tenant by an approved lending

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