s 23 Owner’s powers
(1) Owner’s powers in relation to a registered estate consist of— (a) power to make a disposition of any kind permitted by the general law in relation to an interest of that description, other than a mortgage by demise or sub-demise, and (b) power to charge the estate at law with the payment of money. (2) Owner’s powers in relation to a registered charge consist of— (a) power to make a disposition of any kind permitted by the general law in relation to an interest of that description, other than a legal sub-mortgage, and (b) power to charge at law with the payment of money indebtedness secured by the registered charge. (3) In subsection (2)(a), “ legal sub-mortgage ” means— (a) a transfer by way of mortgage, (b) a sub-mortgage by sub-demise, and (c) a charge by way of legal mortgage.