seeks an immediate increase in the borrowing provided under the regulated mortgage contract; or
overdraws on the borrowing under the regulated mortgage contract;
a business illustration for the new total borrowing; or
the following information, in a single communication:
the new amount outstanding on the regulated mortgage contract;
details of any changes in the repayment arrangements or interest rate charged as a result of the change;
where there is a new early repayment charge or a change to the existing early repayment charge, the maximum amount payable as an early repayment charge in respect of the regulated mortgage contract; and
details of any charges that apply for changing the regulated mortgage contract.
2Firms are reminded that in accordance with MCOB 1.2.3 R, they should eithercomply in full with MCOB or comply with all tailored provisions in MCOB that relate to business loans. Therefore, a firm may only follow the tailored provisions in MCOB 7.7 if it also follows all other tailored provisions in MCOB.