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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.

repayment mortgage

    14a regulated mortgage contract under which the customer is obliged to make payments of interest and capital which are designed to repay the mortgage in full 111 over the stated term.