Law of Property Act 1925: Fundamental legislation governing property transactions and mortgages in England and Wales. Defines legal requirements for mortgages and security interests.
Financial Services and Markets Act 2000: Regulates financial services and mortgage lending in the UK. Sets requirements for authorized lenders and financial institutions.
Consumer Credit Act 1974: Governs consumer credit agreements and applies to regulated mortgages. Includes consumer protection provisions and regulatory requirements.
Mortgage Credit Directive Order 2015: Implements EU Mortgage Credit Directive into UK law. Sets standards for mortgage lending and consumer protection in mortgage agreements.
FCA Mortgage Conduct of Business Rules (MCOB): Regulatory framework detailing how mortgage lenders must treat customers, including specific requirements for mortgage variations and extensions.
Consumer Rights Act 2015: Ensures fairness in consumer contracts and applies to terms and conditions in mortgage agreements.
Unfair Contract Terms Act 1977: Legislation ensuring contract terms are fair and reasonable, applicable to mortgage extension agreements.
Data Protection Act 2018 and UK GDPR: Legislation governing the handling and protection of personal data in contractual agreements, including mortgage documentation.
