The FCA has published a new web page on the Mortgage Credit Directive (MCD). The web page outlines the main changes made by the MCD to the regulation of first and second charge mortgages and ‘consumer buy-to-let’ lending (CBTL). It also assists firms looking for help with applying for authorisation as a second charge mortgage firm or registration as a CBTL firm. The MCD comes into force on 21 March 2016.
View Mortgage Credit Directive, 13 March 2015