# Law of Property Act 1925, Section 116: Cesser of mortgage terms.


Without prejudice to the right of a tenant for life or other person having only a limited interest in the equity of redemption to require a mortgage to be kept alive by transfer or otherwise, a mortgage term shall, when the money secured by the mortgage has been discharged, become a satisfied term and shall cease.

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Source: https://www.legislation.gov.uk/ukpga/Geo5/15-16/20/section/116 (the official version)
Page: https://openlegislation.uk/law-of-property-act-1925/section-116
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.