Rights of a first lender to grant tenancies must be respected, and override the rights of a second mortgagee to possession. A mortgagee in possession has full power to grant a tenancy. A mortgagee is not limited by the section.
Citations:
Times 27-May-1999
Statutes:
Jurisdiction:
England and Wales
Land
Updated: 10 May 2022; Ref: scu.78359