Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

MCOB 6A.1 1Application and purpose


1This chapter applies to a firm that is an MCD mortgage lender.


This chapter applies to an offer made by a firm to a consumer with a view to the firm:

  1. (1)

    entering into an MCD mortgage contract;

  2. (2)

    varying the terms of an MCD mortgage contract entered into by the consumer in any of the following ways:

    1. (a)

      adding or removing a party;

    2. (b)

      making a further advance; or

    3. (c)

      switching all or part of the MCD regulated mortgage contract from one interest rate to another;

    (whether or not the consumer agrees to enter into the MCD regulated mortgage contract or variation).

  3. (3)

    In MCOB 6A, a reference to varying an MCD regulated mortgage contract is to be read as including a reference to an offer to vary an existing MCD regulated mortgage in a manner specified in this section.


MCOB 6A amplifies Principle 6 and Principle 7. The purpose of MCOB 6A is to ensure that a customer receives a clear offer document to enable them to check the features and price of the MCD regulated mortgage contract before they enter into it.