Schedule 6, Part 1B, paragraph 2G(2)

Except where the activity is carried on by a not-for-profit body, an activity is not a relevant credit activity for the purposes of— if it relates to an agreement under which the obligation of the borrower to repay or the hirer to pay is secured, or is to be secured, by a legal mortgage on land. paragraph (a) to (e) of sub-paragraph (1), and paragraph (g) of that sub-paragraph so far at it relates to activities of the kind specified by any of those paragraphs,

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Source: legislation.gov.uk · retrieved 2026-09-04