# The Limitation (Northern Ireland) Order 1989, Article 55: Effect of acknowledgment: action to redeem mortgaged land in mortgagee's possession


Where—
(a) a mortgagee is by virtue of the mortgage in possession of any mortgaged land; and
(b) the mortgagee acknowledges the title of the mortgagor or his equity of redemption,
an action to redeem the land in the mortgagee's possession may be brought at any time before the expiration of twelve years from the date of the acknowledgment.

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Source: https://www.legislation.gov.uk/nisi/1989/1339/article/55 (the official version)
Page: https://openlegislation.uk/limitation-northern-ireland-order-1989/article-55
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.