Consultation outcome

Implementation of the EU Mortgage Credit Directive

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This consultation has concluded

Download the full outcome

Implementation of the EU Mortgage Credit Directive: summary of responses

Amended legislation

Final stage impact assessment

Detail of outcome

The Treasury received responses from over 30 stakeholders, a list of which can be found in Annex A of the summary of responses. This document summarises the main issues raised by respondents under the consultation questions and outlines the government’s response to these. Amended regulations and a final stage impact assessment can be found above. We are very grateful to those who took the time to respond to this consultation.

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Original consultation


Seeking views on legislative changes proposed to meet the requirements of the Mortgage Credit Directive.

This consultation ran from

Consultation description

The directive on credit agreements for consumers relating to residential immovable property, more commonly referred to as the Mortgage Credit Directive (MCD), was published in February 2014 and the UK is required to implement it by 21 March 2016. In order to meet the requirements set out in the MCD, the UK government needs to make changes to the legislation that sets out the framework for UK mortgage regulation.

This consultation invites views on the legislative changes proposed to meet this obligation. It also includes the consultation stage impact assessment for these proposed changes alongside a draft of the legislation.

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Published 5 September 2014
Last updated 26 January 2015 + show all updates
  1. outcome published
  2. First published.