Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  3. Point in time
    2019-10-25

MCOB 5.2 Purpose

MCOB 5.2.1GRP
  1. (1)

    MCOB 5 amplifies Principle 6 and Principle 7.

    1
  2. (2)

    The purpose of MCOB 5 is to ensure that, before a customer submits an application for a particular home finance transaction1, he is supplied with information that makes clear:

    1
    1. (a)

      (in relation to a regulated mortgage contract) its features, any linked deposits, any linked borrowing and any tied products; and1

      1
    2. (b)

      the price that the customer will be required to pay under that home finance transaction, 1to enable the customer to make a well-informed purchasing decision.2

      121
    3. (c)

      [deleted]1

      1
  3. (3)

    MCOB 5 requires information to be disclosed in a consistent way to facilitate comparison between products of different providers1.

    1