Schedule 5, Part 2, paragraph 7(1)

Compensation in respect of an interest which is subject to a mortgage must be paid— and must, in either case, be applied by the mortgagee as if it were proceeds of sale. to the mortgagee, or if there is more than one mortgagee, to the first mortgagee,

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Source: legislation.gov.uk · retrieved 2026-07-30