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Article 6 Additional or substituted security or guaranteeI1

Northern Ireland Not yet in force

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

Where a charge is—

(a)

by way of additional or substituted security, or

(b)

by way of guarantee,

the amount on which a fee in respect of an application to register the charge, or to register a transfer or transmission of the charge shall be payable shall not exceed the value of the land to which the charge relates after deducting therefrom the amount secured on it by any prior registered charge.

Annotations

Commencement

I1

Art. 6 in operation at 31.5.1996, see art. 1(1)