first charge regulated mortgage contract
81a regulated mortgage contract in which the mortgage on which the obligation to repay is secured is a first charge legal mortgage.
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.
81a regulated mortgage contract in which the mortgage on which the obligation to repay is secured is a first charge legal mortgage.