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MCOB 6A.4 MCD mortgages: information to be provided in the offer document or separately

Tariff of charges

MCOB 6A.4.1R

If a firm makes an offer to a consumer with a view to entering into or varying an MCD regulated mortgage contract, it must provide the consumer, along with the offer document, with a tariff of charges that could be incurred on the regulated mortgage contract.

MCOB 6A.4.2R

If the MCD regulated mortgage contract has any linked borrowing or linked deposits , details of the charges on these linked facilities (for example, charges payable on a linked current account) must be included in the firm's tariff of charges.

MCOB 6A.4.3G

A firm may include the tariff of charges as an integral part of the offer document, or provide it separately along with the offer document.

Mortgage credit cards

MCOB 6A.4.4R

If a firm makes an offer to a consumer with a view to entering into or varying an MCD regulated mortgage contract that includes a mortgage credit card, it must provide the customer with information explaining that the card will not give the customer the statutory rights associated with traditional credit cards.

MCOB 6A.4.5G

A firm may include the information described in MCOB 6A.4.4 R as an integral part of the offer document, or provide it separately along with the offer document.