Time of taking effect of legal charge

(1) So soon as the Registrar has registered a deed creating a legal charge on or over registered land, the land described in the deed shall stand charged with the payment of the principal sum and other sums secured under the deed and be subject to the provisions contained in the deed and in the Law of Property Act. (2) The Registrar shall be deemed to have registered a legal charge at the time when the instrument creating it is delivered to him in such a condition as to enable him to register it in accordance with this Part. deeds.