Glossary

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Term Definition Legal instruments

regulated mortgage contract

25/03/2016

THIS DEFINITION ONLY APPLIES TO THE HOUSING PART

has the meaning given in Article 61(3)(a) of the Regulated Activities Order, but:

(1) re-mortgages with no change to the principal sum outstanding;

(2) lifetime mortgages; and

(3) regulated mortgage contracts that are not first charge regulated mortgage contracts

must be disregarded.