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Changes to mortgage regulation module to reflect current legal and regulatory position.

Under page 4 of 15 under the "mortgages and their registered charges" pathway it states "as you've seen, one of the conditions for a regulated mortgage contract is that the mortgage must be secured by a first legal charge on the property." However, following the implementation of MCD in the UK in March 2016, second charge products also form part of MCOB and are also a regulated mortgage contract. Can you please update this on the pathway as it is otherwise misleading.

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    Willem Wellinghoff shared this idea  ·   ·  Admin →

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