COMP 5.6 1Protected home finance mediation2

COMP 5.6.1R

Protected home finance mediation2 is:

2
  1. (1)

    advising on a home finance transaction;2 or

    2
  2. (2)

    arranging (bringing about) a home finance transaction;2 or

    2
  3. (3)

    making arrangements with a view to a home finance transaction2; or

    2
  4. (4)

    agreeing to carry on a regulated activity in (1) to (3); or

  5. (5)

    the activities of a home finance provider2 which would be arranging but for article 28A of the Regulated Activities Order (Arranging contracts or plans2 to which the arranger is a party);

    2

provided that the condition in COMP 5.6.2 R is satisfied.

COMP 5.6.2R

COMP 5.6.1 R applies only if the protected home finance mediation2 was carried on by a relevant person with a customer who was a resident in the United Kingdom5 at the time the protected home finance mediation was carried on.

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COMP 5.6.3R

3This section does not apply in respect of a regulated mortgage contract which is:4

  1. (1)

    4a legacy CCA mortgage contract; or

  2. (2)

    4a CBTL credit agreement.