# The Building Societies (Prescribed Equitable Interests) Order 1997, Article 3: Prescribed equitable interests


(1) The first and second types of equitable interests and, subject to article 7 below, the third type of equitable interest, are hereby prescribed for the purposes of section 6A(2) of the Act (which provides that for the purposes of the Act a loan is secured on land if it is secured by a mortgage of a prescribed equitable interest in land in England and Wales or Northern Ireland).
(2) This Order applies to securities for loans comprising equitable interests in land of the types described in paragraph (1) above and held by or on behalf of building societies or their subsidiary undertakings.

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Source: https://www.legislation.gov.uk/uksi/1997/2693/article/3 (the official version)
Page: https://openlegislation.uk/building-societies-prescribed-equitable-interests-order-1997/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.