# The Building Societies (Prescribed Equitable Interests) Order 1997, Article 4: Rights to acquire freehold or greater leasehold interest


The first type of equitable interest is an equitable interest in land, in which a legal leasehold estate is security for the loan, where the lease or a related instrument includes provision entitling the leaseholder to acquire a beneficial interest of any extent in the freehold or a greater leasehold interest and the right to acquire that interest is assigned as additional security.

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Source: https://www.legislation.gov.uk/uksi/1997/2693/article/4 (the official version)
Page: https://openlegislation.uk/building-societies-prescribed-equitable-interests-order-1997/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.