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Building Societies Act 1986

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Changes over time for: Cross Heading: Application of paragraph 1 to Northern Ireland

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Building Societies Act 1986, Cross Heading: Application of paragraph 1 to Northern Ireland is up to date with all changes known to be in force on or before 21 June 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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[F1 Application of paragraph 1 to Northern IrelandU.K.

Textual Amendments

F1Sch. 2A inserted (1.12.1997) by 1997 c. 32, s. 7(2), Sch. 2; S.I. 1997/2668, art. 2, Sch. Pt. I(a)

2(1)In its application to Northern Ireland, paragraph 1 above shall have effect with the following modifications.U.K.

(2)In sub-paragraph (1) after the words “on such trusts” there shall be inserted the words “ or uses ”.

(3)In sub-paragraph (2)—

(a)for the words from “charge” to “Property Act 1925” there shall be substituted the words “ charge on registered land, the receipt shall operate in accordance with Article 3(1), (7) and (9) of the M1Property (Discharge of Mortgage by Receipt) (Northern Ireland) Order 1983 ”; and

(b)for the words “subsection (1) of that section” there shall be substituted the words “ paragraph (1) of that Article ”.

(4)For sub-paragraphs (3) and (4) there shall be substituted the following sub-paragraphs—

“(3)If the mortgage is registered in accordance with the M2Registration of Deeds Act (Northern Ireland) 1970, the registrar under that Act shall—

(a)on production of the receipt mentioned in sub-paragraph (1) above make a note in the Abstract Book against the entry relating to the mortgage that the mortgage is satisfied; and

(b)grant a certificate, either on the mortgage or separately, that the mortgage is satisfied.

(4)The certificate granted under sub-paragraph (3)(b) above shall—

(a)be received in all courts and proceedings without further proof; and

(b)have the effect of clearing the register of the mortgage.”

(5)In sub-paragraph (5) for the definition of “registered land” there shall be substituted the following definition—

  • ““registered land” means land the title to which is registered under Part III of the M3Land Registration Act (Northern Ireland) 1970.”]

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