Topic 26 - raising additional funds from property Flashcards
1
Q
Deed of postponement
A
Effectively allows a new loan from the original mortgage lender to jump the queue and become part of the first charge
2
Q
MCD-Exempt bridging loan
A
a regulated mortgage contract or an article 3(1)(b) credit agreement either of no fixed duration or which is due to be repaid with in 12months used by the consumer as a temp financing solution while transitioning to another financial arrangement for an immovable property .
3
Q
Provisions of MCOB 4.7
A
4
Q
Provisions of MCOB 11
A
