the owner for the time being of a rentcharge created under the provisions of that Act or of a certificate of charge under that Act shall have for the recovery of the rentcharge or, as the case may be, any sum in the nature of interest or periodical payment becoming due under the certificate the like remedies as are provided by section 121 of the M2Law of Property Act 1925;

the owner for the time being of such a certificate of charge shall also have, in respect of every sum whether in the nature of interest or periodical payment or principal sum secured by the certificate, the like remedies as a chargee by deed expressed to be by way of legal mortgage of an estate in fee simple has in respect of the principal sum and interest secured by his charge; and

a certificate of charge under that Act and the charge made thereby shall be transferable by endorsement on the certificate.