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Section 309: Compensation in respect of depreciation in value of interest in land subject to mortgage.

Highways Act 1980 · 1980 c. 66View on legislation.gov.uk

Part XIV: Miscellaneous and Supplementary Provisions

Where an interest in land is subject to a mortgage—

any compensation payable under this Act in respect of the depreciation in value of that interest shall be calculated as if the interest were not subject to the mortgage;
a claim for the payment of any such compensation may be made by any mortgagee of the interest under a mortgage made before the happening of the event giving rise to the compensation, but without prejudice to the making of a claim by any other person;
a mortgagee is not entitled to claim any such compensation in respect of his interest as such; and
any such compensation payable in respect of the interest subject to the mortgage shall be paid to the mortgagee or, where there is more than one mortgagee, to the first mortgagee, and shall in either case be applied by him as if it were proceeds of sale.

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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.