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Section 177: Saving for registered charges.

Consumer Credit Act 1974 · 1974 c. 39View on legislation.gov.uk

Part XII: Supplemental

Nothing in this Act affects the rights of a proprietor of a registered charge (within the meaning of the Land Registration Act 2002), who—

became the proprietor under a transfer for valuable consideration without notice of any defect in the title arising (apart from this section) by virtue of this Act, or
derives title from such a proprietor.

Nothing in this Act affects the operation of section 104 of the Law of Property Act 1925 (protection of purchaser where mortgagee exercises power of sale).

Subsection (1) does not apply to a proprietor carrying on a consumer credit business, a consumer hire business or a business of debt-collecting or debt administration .

Where, by virtue of subsection (1), a land mortgage is enforced which apart from this section would be treated as never having effect, the original creditor or owner shall be liable to indemnify the debtor or hirer against any loss thereby suffered by him.

In the application of this section to Scotland for subsections (1) to (3) there shall be substituted the following subsections—

In the application of this section to Northern Ireland—

any reference to the proprietor of a registered charge (within the meaning of the Land Registration Act 2002) shall be construed as a reference to the registered owner of a charge under the Local Registration of Title (Ireland) Act 1891 or Part IV of the Land Registration Act (Northern Ireland) 1970, and
for the reference to section 104 of the Law of Property Act 1925 there shall be substituted a reference to section 21 of the Conveyancing and Law of Property Act 1881 and section 5 of the Conveyancing Act 1911.

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This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.