Section 423A(1)

In this Act— “mortgage agreement” means an agreement to which subsection (2) applies, but to which subsection (3) does not apply, under which a mortgage creditor grants or promises to grant, to a consumer, a credit in the form of a deferred payment, loan or other similar financial accommodation; “mortgage creditor” means a person who grants or promises to grant— credit in the form of a deferred payment, loan or other similar financial accommodation; in the course of the person's trade, business or profession, and under an agreement to which subsection (2) applies but to which subsection (3) does not apply, “mortgage intermediary” means a person who, in the course of the person's trade, business or profession, and acting neither as a mortgage creditor or notary nor in an introductory capacity, does any of the following for any agreed form of financial consideration— presenting or offering mortgage agreements to consumers; assisting consumers by undertaking preparatory work or other pre-contractual administration in respect of mortgage agreements (otherwise than as referred to in paragraph (a)); concluding mortgage agreements with consumers on behalf of mortgage creditors; “tied mortgage intermediary” means a mortgage intermediary who acts on behalf of and under the full and unconditional responsibility of— only one mortgage creditor, only one group of mortgage creditors, or a number of mortgage creditors or groups of mortgage creditors which does not represent the majority of the market.

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