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

You are viewing the version of the document as on 2022-12-13.

Timeline guidance

Alternative versions

  1. Point in time
    2022-12-13

MCOB 6A.1 1Application and purpose

MCOB 6A.1.1RRP

1This chapter applies to a firm that is an MCD mortgage lender.

MCOB 6A.1.2RRP

This chapter applies to an offer made by a firm to a consumer with a view to the firm:

  1. (1)

    entering into an MCD mortgage contract;

  2. (2)

    varying the terms of an MCD mortgage contract entered into by the consumer in any of the following ways:

    1. (a)

      adding or removing a party;

    2. (b)

      making a further advance; or

    3. (c)

      switching all or part of the MCD regulated mortgage contract from one interest rate to another;

    (whether or not the consumer agrees to enter into the MCD regulated mortgage contract or variation).

  3. (3)

    In MCOB 6A, a reference to varying an MCD regulated mortgage contract is to be read as including a reference to an offer to vary an existing MCD regulated mortgage in a manner specified in this section.

MCOB 6A.1.3GRP

MCOB 6A amplifies Principle 6 and Principle 7. The purpose of MCOB 6A is to ensure that a customer receives a clear offer document to enable them to check the features and price of the MCD regulated mortgage contract before they enter into it.