Financial Services and Markets Act 2000: Primary legislation governing financial services regulation in the UK, establishing the regulatory framework for mortgage products
Consumer Credit Act 1974: Regulates credit agreements and provides consumer protection measures for financial products including mortgages
Mortgage Credit Directive Order 2015: Implements EU regulations on mortgage credit, ensuring standardized information and consumer protection across mortgage products
Law of Property Act 1925: Fundamental legislation governing property rights and transactions in England and Wales, including mortgage security requirements
Consumer Rights Act 2015: Provides key consumer protections and rights, including unfair terms in consumer contracts
FCA Handbook - MCOB: Mortgages and Home Finance: Conduct of Business Sourcebook - Details specific rules for mortgage lenders and administrators
FCA Handbook - CONC: Consumer Credit sourcebook - Contains rules and guidance for consumer credit activities
Equity Release Council Standards: Industry body standards specific to equity release products including reverse mortgages, ensuring consumer protection and product safety
Human Rights Act 1998: Ensures protection of fundamental rights, relevant for fair treatment and non-discrimination in financial services
Equality Act 2010: Protects against age discrimination while allowing for appropriate age-related financial products
Mental Capacity Act 2005: Crucial for assessing capacity of older borrowers to enter into reverse mortgage agreements
Data Protection Act 2018: Governs the handling of personal data in financial services, including UK GDPR requirements
Contract Law Principles: Common law principles governing formation and enforcement of contracts in England and Wales
Property Law Principles: Common law principles regarding property rights, transfers, and security interests
Equity and Trusts Principles: Legal principles governing equitable interests and trust arrangements in property
