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 2023-10-01.

Timeline guidance

Alternative versions

  2. Point in time
    2023-10-01

arrears

9(in relation to a regulated mortgage contract or a home purchase plan32) either:

  1. (a) a shortfall (equivalent to two or more regular payments) in the accumulated total payments actually made by the customer measured against the accumulated total amount of payments due to be received from the customer; or
  2. (b) remaining in breach, for more than one month, of an agreed borrowing limit or of an obligation to pay or32 repay where the loan or home purchase plan32 does not have a regular payment or32 repayment plan.