131 Regulated mortgages

131  Regulated mortgages

(1)     Subject to subsection (2) below, a mortgage which falls within section 129(1)(a) of this Act . . . is a regulated mortgage if—

(a)     it is a legal mortgage of land consisting of or including a dwelling-house which is let on or subject to a regulated tenancy; and

(b)     the regulated tenancy is binding on the mortgagee.

(2)     Notwithstanding that a mortgage

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