Related provisions for PERG 2.9.29

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MCOB 1.2.5GRP
(1) In order for a loan to fall within the definition of a regulated mortgage contract, at least 40% of the total of the land to be given as security must be used as or in connection with a dwelling. Therefore, the variation in approach provided for in MCOB 1.2.3 R(2) can only apply where the loan being used for a business purpose is secured against a property at least 40 per cent of which is used as a dwelling. It cannot apply to a loan secured on property that is used solely
SUP 15.1.3AGRP
7The guidance in SUP 15.13 applies to all CBTL firms whether or not they are also firms.
FEES 5.1.1ARRP
5A reference to firm in this chapter includes a reference to a fee-paying payment service provider, fee-paying electronic money issuer,9 a CBTL firm, and a designated credit reference agency9. 619718
PERG 2.6.27GRP
In accordance with article 61(3)(a) of the Regulated Activities Order, a regulated mortgage contract is a contract which, at the time it is entered into, satisfies the following conditions:(1) the contract is one where the lender provides credit to an individual or trustees (the "borrower");(2) the obligation of the borrower to repay is secured by a mortgage on land in the EEA;12 and12(3) at least 40% of that land is used, or is intended to be used, as or in connection with a