COMP 5.6 Protected home finance mediation

Protected home finance mediation is:

1. (1)

   advising on a home finance transaction; or

2. (2)

   arranging (bringing about) a home finance transaction; or

3. (3)

   making arrangements with a view to a home finance transaction; or

4. (4)

   agreeing to carry on a regulated activity in (1) to (3); or

5. (5)

   the activities of a home finance provider which would be arranging but for article 28A of the Regulated Activities Order (Arranging contracts or plans to which the arranger is a party);

provided that the condition in COMP 5.6.2 R is satisfied.

COMP 5.6.1 R applies only if the protected home finance mediation was carried on by a relevant person with a customer who was a resident in the United Kingdom at the time the protected home finance mediation was carried on.

This section does not apply in respect of a regulated mortgage contract which is:

1. (1)

   a legacy CCA mortgage contract; or

2. (2)

   a CBTL credit agreement.