Q&As

Are there any pre contractual disclosure requirements for consumer buy-to-let mortgages?

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Published on LexisPSL on 11/11/2020

The following Financial Services Q&A provides comprehensive and up to date legal information covering:

  • Are there any pre contractual disclosure requirements for consumer buy-to-let mortgages?

Are there any pre contractual disclosure requirements for consumer buy-to-let mortgages?

We refer you to Practice Note: Regulation of consumer buy-to-let lending in the UK. You will note under the section headed 'Conduct of Business Requirements' that the Mortgage Credit Directive Order 2015, SI 2015/910, Sch 2 details the conduct requirements for registered firms, including obligations relating to:

  1. (1) the conduct of business when providing consumer buy-to-let (CBTL) products to consumers

  2. (2) the provision of information free of charge to consumers

  3. (3) knowledge and competence requirements for staff

  4. (4) tying and bundling practices

  5. (5) the provision of clear and comprehensible general information about CBTL contracts

  6. (6) pre-contractual

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