# The Building Societies (Guernsey and Alderney) Order 1988, Paragraph 2


Circumstances in which the relevant form of security may be taken for an advance—
(a) do not, subject to Article 6 above, include circumstances in which payment of the mortgage debt is to be secured on any interest in land treated in the specified territory as personal property; and
(b) do not include circumstances in which provision is included as respects either the capital or the interest element in the mortgage debt that the amount due to the society may be adjusted by reference to any index of prices (whether housing prices or other prices) or to a share in the open market value of the land.

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Source: https://www.legislation.gov.uk/uksi/1988/1394/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/building-societies-guernsey-and-alderney-order-1988/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.