After article 53 of the Regulated Activities Order insert -
"Advising on regulated mortgage contracts
(1) Advising a person is a specified kind of activity if the advice -
(a) is given to the person in his capacity as a borrower or potential borrower; and
(b) is advice on the merits of his doing any of the following -
(i) entering into a particular regulated mortgage contract, or
(ii) varying the terms of a regulated mortgage contract entered into by him after the coming into force of article 61 in such a way as to vary his obligations under that contract.
(2) In this article, "borrower" has the meaning given by article 61(3)(a)(i).".