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STATUTE OF LIMITATIONS (NORTHERN IRELAND) 1958 - SECT 36

Limitation of actions to redeem land.

36.(1) Where a mortgagee of land has been in possession of any of the
mortgaged land for a period of twelve years, no action to redeem the land of
which the mortgagee has been so in possession shall thereafter be brought by
the mortgagor or any person claiming through him; so however that this
sub-section shall not apply in respect of a Welsh mortgage.

(2) Where a mortgagee of land under a Welsh mortgage which provides that the
rents and profits are to be applied in reduction of the principal moneys and
interest has been in possession of the land for a period of twelve years
commencing on the date on which all the principal moneys and interest have to
the knowledge of the mortgagor been satisfied, no action to redeem the land
shall thereafter be brought by the mortgagor or any person claiming through
him.

© 1958 Crown Copyright

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