| Preface |
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v | |
| Abbreviations |
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vii | |
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xix | |
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Table of European Legislation |
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xxxi | |
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Table of Handbook References: FCA Handbook and PRA Handbook |
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xxxiii | |
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xli | |
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Table of Statutory Instruments |
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li | |
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1 The Mortgage: Creation and Protection |
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1 | (1) |
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2 | (2) |
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Legal mortgages after 1925 |
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4 | (4) |
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Equitable Mortgages and Charges |
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8 | (2) |
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10 | (1) |
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Parties to the mortgage deed |
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11 | (1) |
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12 | (8) |
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Protection of the Mortgage |
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20 | (1) |
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Equitable mortgages and charges |
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21 | (1) |
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22 | (4) |
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Equitable mortgages and charges |
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26 | |
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2 Repayment Systems and Interest Rate Types |
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1 | (8) |
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The capital repayment system |
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2 | (4) |
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6 | (1) |
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7 | (1) |
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8 | (1) |
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9 | |
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10 | (1) |
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11 | (1) |
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12 | (1) |
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13 | (1) |
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Mortgages at a capped or collared rate |
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14 | (1) |
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15 | (1) |
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16 | |
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1 | (1) |
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The drafting of the mortgage |
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Mortgage agreements not regulated by the CCA |
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2 | (2) |
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Mortgage agreements regulated by the CCA |
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4 | (1) |
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5 | (1) |
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Particular terms of the mortgage |
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Terms relating to the interest rate |
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6 | (12) |
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Provisions for immediate payment of the mortgage debt |
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18 | (1) |
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19 | (4) |
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23 | (1) |
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24 | (3) |
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27 | (1) |
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28 | (4) |
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32 | (3) |
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35 | (3) |
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38 | (1) |
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Powers to vary the mortgage conditions |
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39 | |
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When the mortgage may be redeemed |
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1 | (1) |
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Who may redeem the mortgage |
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2 | (1) |
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Fettering the right to redeem |
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3 | |
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Rule (1) The right to redeem cannot be rendered illusory |
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4 | (1) |
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Rule (2) No rights inconsistent with the right to redeem |
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5 | (1) |
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Rule (3) Collateral advantages |
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6 | (1) |
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Rule (3)(a) Not unfair and unconscionable |
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7 | (1) |
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Rule (3)(b) Invalid after redemption if part of the mortgage |
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8 | (1) |
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Loss of the right to redeem |
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9 | |
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1 | (1) |
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6 Transfer of the Mortgage |
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1 | (1) |
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The legal mechanism for transferring the mortgage |
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2 | (7) |
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Fairness issues relating to the transfer of mortgages |
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The fairness of an express power of transfer |
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9 | (1) |
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10 | |
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7 Discharge of the Mortgage |
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1 | (1) |
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The discharge of registered charges |
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2 | (1) |
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Documentary discharges and releases The electronic process |
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The discharge of noted charges |
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3 | (1) |
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The discharge of legal charges |
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4 | (2) |
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The discharge of equitable mortgages |
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6 | (1) |
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Discharge of building society mortgages |
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7 | (1) |
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Effect of a receipt on the borrower's liability |
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8 | |
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8 When the Mortgage is binding on a Surety |
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1 | (2) |
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3 | (5) |
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4 | (1) |
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5 | (1) |
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The element of impropriety |
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6 | (1) |
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Showing that the transaction was not procured by undue influence |
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7 | (1) |
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When a third party's wrongdoing will affect the mortgagee |
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8 | (7) |
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Notice: the decision in Barclays Bank Plc v O'Brien |
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9 | (3) |
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Notice: the decision in Royal Bank of Scotland Plc v Elridge |
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12 | (3) |
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The scope of the principle of constructive notice |
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15 | (4) |
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19 | |
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9 When the Mortgage is binding on Beneficial Co-owners and Occupiers |
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1 | (8) |
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Where the mortgage funds the purchase of the property |
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2 | (1) |
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Where the wife's interest pre-dates the mortgage |
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3 | (1) |
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Authorisation and estoppel |
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4 | (2) |
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Where the mortgage only binds the husband's beneficial interest |
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6 | (3) |
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9 | |
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1 | (4) |
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Defective refinancing transactions |
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5 | (10) |
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Mortgage-funded purchase transactions |
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15 | |
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Part 2 MORTGAGE REGULATION |
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11 Authorisation, Permission and Licensing |
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1 | (4) |
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5 | (5) |
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10 | (6) |
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16 | (5) |
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Threshold conditions under FSMA |
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21 | (2) |
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23 | (1) |
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24 | (3) |
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27 | (5) |
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32 | (3) |
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35 | (2) |
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37 | (1) |
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General comments on FSMA threshold conditions |
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38 | (3) |
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41 | (6) |
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47 | (1) |
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48 | (7) |
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55 | (2) |
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Lenders not authorised by the PRA |
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57 | (3) |
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OFT financial resources requirements |
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60 | (1) |
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61 | (5) |
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Variation and cancellation of permission |
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66 | (5) |
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71 | (1) |
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Procedure relating to permissions |
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72 | (8) |
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Issue and renewal of licences |
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80 | (3) |
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Variation, suspension and revocation of licences |
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83 | (2) |
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85 | (1) |
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86 | (1) |
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Procedure relating to licences |
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87 | (5) |
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92 | (2) |
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The Approved Persons Regime |
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Obligation to acquire approval |
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94 | (7) |
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101 | (1) |
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Other disciplinary procedures |
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102 | (2) |
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104 | (1) |
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105 | (1) |
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106 | |
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12 Principles, Statements and Codes |
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1 | (1) |
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Principles for Businesses |
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The Principles and their application |
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2 | (4) |
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6 | (4) |
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Approved Persons: Statements and Code |
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The Statements of Principle |
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10 | (2) |
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12 | (3) |
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Principles: Consumer Credit |
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15 | |
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13 Mortgages Regulated under the Financial Services and Markets Act 2000 |
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1 | (1) |
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The Mortgages and Home Finance: Conduct of Business Sourcebook |
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5 | (4) |
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When and to whom the requirements apply |
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9 | (3) |
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Obligations relating to giving information and advice (MCOB 2) |
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12 | (3) |
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Advising and selling: MCOB 4 |
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15 | (1) |
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16 | (1) |
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17 | (3) |
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Distance mortgage mediation contracts |
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20 | (1) |
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Rolling up fees or charges |
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21 | (1) |
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Advised sales: personal recommendations |
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22 | (2) |
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24 | (2) |
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Business loans and high net worth mortgage customers |
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26 | (1) |
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Pre-application disclosure (MCOB 5) |
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27 | (1) |
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Key facts illustration: general provisions |
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28 | (5) |
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33 | (4) |
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Content, order and format of the illustration |
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37 | (4) |
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41 | (1) |
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Disclosure at the offer stage (MCOB 6) |
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42 | (6) |
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Disclosure at start of contract and after sale (MCOB 7) |
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48 | (2) |
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Disclosure at the start of the contract |
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50 | (1) |
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51 | (1) |
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Post contract information |
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52 | (1) |
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Obligations relating to financial promotions of qualifying credit (MCOB 3) |
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53 | (3) |
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Non-real time financial promotions |
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56 | (4) |
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Real time financial promotions of qualifying credit |
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60 | (2) |
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Lifetime mortgages (MCOB 8 and 9) |
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62 | (1) |
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Advising and selling standards |
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63 | (4) |
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67 | (5) |
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Recovery: arrears, possession and payment (MCOB 13) |
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72 | (7) |
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The annual percentage rate |
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79 | (1) |
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80 | (4) |
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84 | (3) |
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Post-October 31, 2004 lending under pre-October 31, 2004 mortgages |
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87 | (2) |
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Proposed Mortgage Credit Directive |
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89 | |
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14 Mortgages Regulated under the Consumer Credit Act 1974 |
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1 | (3) |
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The Consumer Credit Act 1974 |
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4 | (2) |
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Form and content of the agreement |
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6 | (7) |
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13 | (2) |
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15 | (2) |
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17 | (4) |
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21 | (1) |
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22 | (2) |
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Information during the coarse of the agreement |
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24 | (1) |
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25 | (1) |
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Enforcement, default and termination |
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26 | (1) |
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27 | (1) |
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28 | (2) |
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30 | (1) |
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31 | (2) |
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33 | (2) |
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35 | (1) |
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36 | |
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15 The Exercise of Regulatory Control |
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1 | (1) |
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Failure to obtain permission or a licence |
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Offences under s.23 of FSMA |
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2 | (1) |
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Civil law consequences under FSMA |
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3 | (1) |
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Offences under s.39 of the CCA |
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4 | (1) |
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Civil law consequences under the CCA |
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5 | (1) |
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6 | (3) |
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9 | (1) |
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Exercise of CCA powers relating to licences |
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10 | (2) |
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Powers under Part 5 of FSMA |
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12 | (5) |
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17 | (1) |
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18 | (4) |
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22 | (7) |
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OFT's power to impose civil penalties |
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29 | (3) |
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32 | (5) |
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37 | (1) |
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38 | (5) |
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43 | |
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1 | (26) |
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The Unfair Contract Terms Act 1977 |
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3 | (2) |
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The CCA: unfair relationships |
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5 | (7) |
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Treating customers fairly |
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12 | (6) |
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The Financial Ombudsman Service |
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18 | (1) |
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The Consumer Protection from Unfair Trading Regulations 2008 |
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19 | (6) |
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25 | (2) |
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The Unfair Terms in Consumer Contracts Regulations 1999 |
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27 | |
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Scope of the 1999 Regulations |
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28 | (3) |
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31 | (11) |
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The "core terms exemption" |
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42 | (5) |
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Plain intelligible language |
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47 | (3) |
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Consequences of unfairness |
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50 | (2) |
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52 | (4) |
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56 | (6) |
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62 | (13) |
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75 | (1) |
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Enforcement of the 1999 Regulations |
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76 | |
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Part 3 DISPUTES AND ENFORCEMENT |
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1 | (1) |
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The Mortgagee's Right to Possession |
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2 | (18) |
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3 | (6) |
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Statutory Restrictions on the Recovery of Possession |
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9 | (1) |
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10 | (1) |
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11 | (2) |
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Other restrictions imposed by the CCA |
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13 | (5) |
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18 | (1) |
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19 | (1) |
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20 | (31) |
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Inherent power to adjourn |
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21 | (2) |
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Section 36 of the Administration of Justice Act 1970 |
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23 | (1) |
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24 | (2) |
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Likely to be able within a reasonable period |
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26 | (6) |
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Adjourn, stay, suspend or postpone |
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32 | (5) |
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Section 8 of the Administration of Justice Act 1973 |
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37 | (3) |
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40 | (1) |
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Sections 127 and 129 of the CCA |
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41 | (1) |
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42 | (4) |
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46 | (5) |
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51 | (27) |
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52 | (4) |
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56 | (3) |
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59 | (2) |
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61 | (1) |
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Contents of Claim Form and Particulars of Claim |
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62 | (4) |
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Non-compliance by a mortgagee |
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66 | (1) |
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67 | (1) |
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68 | (1) |
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Notices and written evidence |
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69 | (2) |
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71 | (2) |
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Orders for Possession and Enforcement |
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73 | (3) |
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76 | (2) |
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78 | (6) |
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Mortgage Possession Claims and Human Rights |
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84 | |
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18 The Mortgagee in Possession |
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1 | (1) |
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4 | (1) |
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The mortgagee's right to income |
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5 | (2) |
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7 | (1) |
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Wilful default and damage to the property |
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8 | |
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1 | (1) |
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Powers of Mortgagees to Appoint Receivers |
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2 | (4) |
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Conditions for exercise of powers |
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3 | (2) |
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Duty in exercising powers |
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5 | (1) |
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Receivers Appointed by Mortgagees |
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6 | (7) |
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The receiver as agent of the mortgagor |
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7 | (2) |
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9 | (2) |
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Duties and liabilities of receivers |
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11 | (1) |
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Termination of receivership |
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12 | (1) |
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Court Appointed Receivers |
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13 | |
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1 | (1) |
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2 | (6) |
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Conditions for exercise of powers of sale |
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3 | (2) |
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Duties in exercising powers of sale |
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5 | (2) |
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7 | (1) |
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8 | (4) |
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12 | |
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13 | (1) |
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Statutory limitations on foreclosure |
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14 | (1) |
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Procedure and orders for foreclosure |
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15 | |
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21 Money Claims and Accounts |
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1 | (1) |
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2 | (2) |
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4 | (1) |
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5 | (1) |
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6 | (1) |
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Principles governing accounts |
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7 | (2) |
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9 | |
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22 Relief from Forfeiture |
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1 | (1) |
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2 | (1) |
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Breach of other covenants |
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3 | (1) |
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4 | |
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23 Litigation about Invalid Mortgages |
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1 | (1) |
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Challenging the validity of a mortgage |
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2 | (4) |
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Indemnities from the Land Registry |
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6 | |
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24 Complaint Resolution and the Financial Ombudsman Service |
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1 | (442) |
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Internal Complaints Handling |
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3 | (17) |
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4 | (1) |
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Publicising the procedure |
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5 | (4) |
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9 | (2) |
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11 | (3) |
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Recurring or systematic problems |
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14 | (2) |
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Record keeping and reporting |
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16 | (4) |
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The Financial Ombudsman Service |
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20 | (423) |
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Background to the enactment of the ombudsman scheme |
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24 | (1) |
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Jurisdictions of the Financial Ombudsman |
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25 | (1) |
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26 | (6) |
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32 | (4) |
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Consumer credit jurisdiction |
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36 | (2) |
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Territorial scope of the jurisdictions |
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38 | (1) |
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Determination of complaints by the Financial Ombudsman |
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39 | (1) |
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Consideration of jurisdiction |
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40 | (2) |
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Consideration of time limits |
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42 | (2) |
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Grounds for dismissal without consideration of merits |
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44 | (4) |
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Consideration of the merits |
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48 | (4) |
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52 | (6) |
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58 | (5) |
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Claims management companies |
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63 | (1) |
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The Financial Ombudsman Service in practice |
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64 | (1) |
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Endowment policies linked to mortgages |
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65 | (4) |
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Dual variable mortgage rates |
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69 | (2) |
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Early repayment charges on mortgages |
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71 | (1) |
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Payment protection insurance |
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72 | (5) |
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77 | (366) |
| Index |
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443 | |
