Landlord and Tenant (Ground Rents) Act, 1967

Provisions in relation to mortgages.

24.—(1) For the purposes of the application of section 3 or 11 of this Act or section 11 or 12 of the Act of 1958 to a person in relation to any land, the existence of a mortgage on the interest of the person in that land shall be disregarded.

(2) Where—

(a) either before or after the commencement of this Act, a lessee executes a mortgage by subdemise of the whole or part of the land comprised in his lease, retaining a nominal reversion therein, and

(b) either before or after such commencement, the land comprised in the subdemise is sold for the enforcement of the mortgage,

the purchaser shall, for the purposes of this Act, be deemed to have acquired the interest of the lessee in the demised land for the entire of the unexpired term of the lease, including the period of the nominal reversion.