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total charge for credit

  1. 55(1) (except in CONC) the total of the charges (determined as at the date of making the contract) specified in MCOB 10.4.2 R as applying in relation to the secured lending but excluding the charges specified in MCOB 10.4.4 R.
  2. (2) (in CONC) the true cost to the borrower of the credit provided, or to be provided, under an actual or prospective credit agreement calculated in accordance with CONC App 1.
  3. (3) (in CONC in relation to a financial promotion about a credit agreement secured on land) the sum calculated in accordance with the rules in CONC App 1.1 and, in relation to financial promotions, the rules in CONC 3.6.9 R.
  4. (4) (in CONC in relation to a financial promotion about all other credit agreements) the sum calculated in accordance with the rules in CONC App 1.2 and, in relation to financial promotions, the rules in CONC 3.5.13 R.