Mortgage agreement with individual borrower: not by way of business | Practical Law

Mortgage agreement with individual borrower: not by way of business | Practical Law

A standard form mortgage securing a loan to finance (wholly or partly) the purchase of a residential property, for use between family members or friends, where the lender, in making the loan, is not carrying on an activity by way of business under the Financial Services and Markets Act 2000 (FSMA). This document contains the terms governing the loan and the mortgage over the residential property.

Mortgage agreement with individual borrower: not by way of business

Practical Law UK Standard Document w-010-9350 (Approx. 19 pages)

Mortgage agreement with individual borrower: not by way of business

Maintained, England, Wales
A standard form mortgage securing a loan to finance (wholly or partly) the purchase of a residential property, for use between family members or friends, where the lender, in making the loan, is not carrying on an activity by way of business under the Financial Services and Markets Act 2000 (FSMA). This document contains the terms governing the loan and the mortgage over the residential property.