(1)Puisne mortgages registered in the Middlesex Deeds Register shall be registrable under the M1Land Charges Act, 1925, to the same extent as puisne mortgages not registered in any local deeds register.
(2)No fee shall be payable on the registration under the Land Charges Act, 1925, of a mortgage which becomes capable of registration thereunder by reason of subsection (1) of this section.
(3)Section ninety-seven of the Law of Property Act, 1925 (which provides that priorities as between certain mortgages of unregistered land not within the jurisdiction of a local deeds registry shall be determined according to the dates of registration under the Land Charges Act, 1925) shall apply in relation to land which was within the jurisdiction of the Middlesex Deeds Registry as it applies in relation to land which was never within the jurisdiction of any local deeds registry.
Marginal Citations