R - Regulation
15/3/24
KUMAR v LSC FINANCE LTD [2024] EWCA Civ 254
Although a loan agreement had not contained a sufficient declaration to give rise to a presumption that the loan fell outside the scope of FCA regulation, the declaration taken with other evidence had been sufficient to establish that the loan had been made for business purposes and had not been to provide the borrowers with a dwelling, so the agreement was an investment property loan and not a regulated mortgage contract.
6/2/14
THAKKER v NORTHERN ROCK (ASSET MANAGEMENT) PLC [2014] EWHC (QB)
Non-compliance with the Mortgage Conduct of Business Rules (MCOB) did not provide a defence to a mortgagee’s claim for possession.
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