For mortgages within section 93(1) of the English Law of Property Act, 1925, excluding the case where…
Section 93(1) generally permits separate redemption unless a contrary intention appears in one of the mortgage deeds. Section 93(2) excludes that restriction where all…
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For mortgages within section 93(1) of the English Law of Property Act, 1925, excluding the case where all mortgages predate 1 January 1882, when can consolidation be reserved?
Answer and explanation
Correct answer B
Section 93(1) generally permits separate redemption unless a contrary intention appears in one of the mortgage deeds. Section 93(2) excludes that restriction where all mortgages were made before 1 January 1882. The stated date condition therefore determines whether the restriction applies.