The FCA has published consultation paper CP15/36 on the future regulatory treatment of CCA regulated 1st charge mortgages. Consultation paper available here.

This consultation paper concerns 1st charge mortgages which were CCA regulated because they were entered pre- 31st October 2004 and fell below the relevant financial threshold (£25,000 for 1998-2004 mortgages). From 21st March 2016, administration of such mortgages will be a ‘regulated mortgage activity’ rather than a CCA activity, upon the implementation of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No 3) Order 2015.