MCOB 6A.4 MCD mortgages: information to be provided in the offer document or separately

If a firm makes an offer to a consumer with a view to entering into or varying an MCD regulated mortgage contract, it must provide the consumer, along with the offer document, with a tariff of charges that could be incurred on the regulated mortgage contract.

If the MCD regulated mortgage contract has any linked borrowing or linked deposits, details of the charges on these linked facilities (for example, charges payable on a linked current account) must be included in the firm's tariff of charges.

If a firm makes an offer to a consumer with a view to entering into or varying an MCD regulated mortgage contract that includes a mortgage credit card, it must provide the customer with information explaining that the card will not give the customer the statutory rights associated with traditional credit cards.