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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 14 November 2022 - onwards
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116. Mortgage intermediaries.

(1) Subject to section 116A (inserted by the European Union (Consumer Mortgage Credit Agreements) Regulations 2016) a person shall not engage in the business of being a mortgage intermediary unless -

(a) he is the holder of an authorisation ("a mortgage intermediaries authorisation") granted for that purpose by the Bank, and

(b) he holds an appointment in writing from each undertaking for which he is an intermediary.

(2) A holder of an authorisation shall only engage in the business of being a mortgage intermediary in the name specified in the holder's authorisation.

(3) An application for an authorisation shall be in writing and in such form as the Bank may determine and shall contain -

(a) the true name of the applicant,

(b) the name under which the applicant trades,

(c) the name of any undertaking for which the applicant acts or intends to act as a mortgage intermediary,

(d) the address of any business premises of the applicant to which the application relates, and

(e) such other in

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