Schedule 2, paragraph 1(5)

For subsection (4) substitute— Where— the trustees shall execute such a vesting deed. the mortgage money is capital money for the purposes of the Settled Land Act 1925; land other than any forming the whole or part of the property mentioned in subsection (1) of this section is, or is deemed to be, subject to the settlement; and the tenant for life or statutory owner requires the trustees to execute with respect to land forming the whole or part of that property a vesting deed such as would have been required in relation to the land if it had been acquired on a purchase with capital money,

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Source: legislation.gov.uk · retrieved 2026-08-15