(1) In consequence of the amendments made by regulation 89 and other provisions of these Regulations, section 8 of the Consumer Credit Act 1974 [1974 c.39.] (consumer credit agreements) is amended as follows.

(2) In subsection (3)(b) [Subsection (3) was substituted by S.I. 2015/910 and was amended by S.I. 2016/392.], for the words after "an agreement" substitute "the purpose of which is the acquisition or retention, by an individual acting for purposes outside those of any trade, business or profession carried on by the individual, of property rights in land or in an existing or projected building".

(3) After subsection (3) insert -

"(3A) A reference in paragraph (3) (b) to any land or building -

(a) in relation to an agreement entered into before IP completion day, is a reference to any land or building in the United Kingdom or within the territory of an EEA State;

(b) in relation to an agreement entered into on or after IP completion day, is a reference to any land or building in the United Kingdom.".