Law of Property Act 1925: Fundamental legislation governing property law in England and Wales, including the creation and enforcement of mortgages, legal estates, and interests in land.
Land Registration Act 2002: Governs the registration of land and property interests in England and Wales, including the registration of mortgages and charges.
Consumer Credit Act 1974: Regulates credit agreements with individuals, including certain aspects of owner-financing arrangements when the borrower is a consumer.
Financial Services and Markets Act 2000: Primary legislation for financial services regulation in the UK, including mortgage lending and related activities.
Mortgage Credit Directive Order 2015: Implements EU rules on mortgage credit, setting standards for mortgage lending and consumer protection in residential mortgage agreements.
Consumer Rights Act 2015: Provides protection for consumers in various contracts, including unfair terms in mortgage agreements.
FCA Regulations: Financial Conduct Authority rules governing mortgage lending, particularly relevant if the owner is engaging in regular lending activities.
MCOB Rules: Mortgages and Home Finance: Conduct of Business sourcebook - detailed rules for mortgage lenders and administrators.
Unfair Contract Terms Act 1977: Controls unfair terms in contracts, particularly excluding or limiting liability in consumer and business contracts.
Unfair Terms in Consumer Contracts Regulations 1999: Protects consumers against unfair standard terms in contracts with sellers or suppliers.
Money Laundering Regulations 2017: Requirements for due diligence and anti-money laundering procedures in financial transactions including property sales.
Financial Services Act 2012: Amended the regulatory framework for financial services, including mortgage lending and related activities.
