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You are viewing the version of the document as on 2021-06-25.

tied product

  1. 89(1) (other than where (2) applies) a product, other than linked borrowing or a linked deposit, that a customer is obliged to purchase through a mortgage lender or reversion provider as a condition of taking out a regulated mortgage contract or home reversion plan with that firm; or
  2. 89(2) (in relation to a customer of a P2P platform operator) a product, other than linked borrowing or a linked deposit, that a customer is obliged to purchase through a P2P platform operator as a condition of taking out a regulated mortgage contract or home reversion plan through that firm.