PART IVDEALINGS WITH REGISTERED LAND

Creation of security by deposit of land certificate, etc.

50Creation of security by deposit of land certificate or certificate of charge.

Subject to—

a

any registered burdens andF1. . . all other matters appearing from the register to affect the landF1 at the date of the deposit mentioned below;

b

any Schedule 5 burdens affecting the landF1 at the date of the deposit mentioned below; and

c

Land Registry Rules;

the deposit of a land certificate, or a certificate of charge, by the registered owner, for the purpose of giving security for the payment of any sum of money, shall have the same effect as a deposit of title deeds has in respect of unregistered land.