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Will the Mortgage Credit Directive benefit consumers?

Copyright © 2025 LexisNexis

Published on: 19 February 2015

Published by a LexisNexis Commercial expert

Table of contents

What’s the background to these rules?
What is the significance of the proposals around binding offers?
What are the Law Society’s concerns?
If the MCD is implemented in the proposed form, what would be the impact for lawyers and their clients?
Are there any other issues with the proposals? What should lawyers do next?

Article summary

Property analysis: Why is the Law Society concerned about the effects of the Mortgage Credit Directive (MCD) and the Financial Conduct Authority’s (FCA’s) proposals for implementation? Charlotte Eborall of 3 Verulam Buildings, explains the background to the MCD and the FCA’s proposals and discusses the Society’s concerns surrounding lenders’ binding offers.

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