Section 98 — Property Law Act 2007: Amounts secured include interest for unexpired portion of term

98 Amounts secured include interest for unexpired portion of term (1) This section applies if— (a) the term of a mortgage has not expired; and (b) the mortgagee— (i) is not in possession of the mortgaged property; and (ii) has not appointed a receiver; and (iii) has not taken any other steps to realise the security (except giving notice under section 119 or 128 ). (2) For the purposes of section 97 , the amounts secured by the mortgage include interest on the principal amount secured by the mortgage for the unexpired portion of the term. Compare: 1952 No 51 s 81(2), (4)