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LAND ADMINISTRATION ACT 1997 - SECT 251

LAND ADMINISTRATION ACT 1997 - SECT 251

251 .         Mortgage debts, application of compensation to

        (1)         If an interest in the land in respect of which compensation is payable or awarded is subject to a mortgage, the compensation, or so much of it as is required for the purpose, upon the application of the mortgagee, is to be paid towards the discharge of the mortgage debt, so far as the compensation will go.

        (2)         In this section —

        mortgage debt includes the interest payable on the mortgage concerned up to 6 months after the date of the taking.