OpenLegislation

Article 5 Charge secured on registered and unregistered landI1

Northern Ireland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Where money is secured by a charge relating partly to registered land and partly to unregistered land or other property, the fee in respect of an application to register the charge, or to register the transfer or transmission of the charge shall be payable on an amount calculated in accordance with the formula—

RLWS×C a

  • RL equals the value of registered land;

    • b

  • WS equals the value of whole security; and

    • c

  • C equals the value of the charge determined in accordance with Article 4(3).

    • (2)

    For the purposes of this regulation, the Registrar may accept as the value of registered land and the value of whole security, amounts stated to be those values in a statement in writing signed by the applicant for registration or his solicitor.

    Annotations

    Commencement

    I1

    Art. 5 in operation at 31.5.1996, see art. 1(1)