{
  "url": "https://openlegislation.uk/law-of-property-act-1925/schedule-FIRST/part-VII/paragraph-4",
  "json_url": "https://openlegislation.uk/law-of-property-act-1925/schedule-FIRST/part-VII/paragraph-4.json",
  "legislation": "ukpga/Geo5/15-16/20",
  "legislation_title": "Law of Property Act 1925",
  "legislation_url": "https://openlegislation.uk/law-of-property-act-1925",
  "path": "schedule/FIRST/part/VII/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": null,
  "text": "If a sub-mortgage by conveyance of the fee simple is subsisting immediately before the commencement of this Act, the principal mortgagee shall take the principal term created by paragraphs 1 or 2 of this Part of this Schedule (as the case may require) and the sub-mortgagee shall take a derivative term less by one day than the term so created, without impeachment of waste, subject to a provision for cesser corresponding to the right of redemption subsisting under the sub-mortgage.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/Geo5/15-16/20/schedule/FIRST/part/VII/paragraph/4",
    "retrieved_at": "2026-10-29T11:43:09.274032+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}