The Mortgage Board used to be the non-statutory regulator for the mortgage industry before this role was taken over by the Financial Services Authority. The MCCB used to oversee the compliance with the Mortgage Code but this code was replaced by the Financial Services Authority rules and standards from 31 October 2004 and the MCCB was dissolved.
Think Carefully Before Securing Other Debts Against Your Home. Your Home May Be Repossessed if You Do Not Keep Up Repayments On A Mortgage Or Other Debt Secured On It.
