Related provisions for MCOB 9.4.45
1 - 12 of 12 items.
12MCOB 9.4.132DR applies if the terms of a lifetime mortgage contract:(1) (a) require the customer to make regular payments to the mortgage lender; or(b) expect that the customer will make regular payments to the mortgage lender,in respect of all or part of the interest, or part of the capital, due under those terms, either over the duration of the lifetime mortgage or until a specified date; but(2) permit the customer to stop making the payments referred to in paragraph (1) at
If for any reason a customer: (1) declines to seek further information on means-tested benefits, tax allowances or the scope for local authority (or other) grants; or(2) rejects the conclusion of a firm that alternative methods of raising the required funds are more suitable;a firm can advise the customer (in accordance with the remaining requirements of this chapter) to enter into an equity release transaction where there is an equity release transaction (or more than one equity
15A credit agreement is also an exempt agreement17 in the following cases:(1) if it is a borrower-lender agreement, the lender is a credit union and the rate of the total charge for credit (see CONC App 1) does not exceed 42.6 per cent provided that:33(a) the agreement is not an MCD regulated mortgage contract or an article 3(1)(b) credit agreement; or33(b) the agreement is an MCD regulated mortgage contract or an article 3(1)(b) credit agreement but:33(i) the agreement is of