PART 3Consumer buy-to-let mortgages
Obligations of registered consumer buy-to-let mortgage firms18.
(1)
A registered consumer buy-to-let mortgage firm must, in respect of its consumer buy-to-let mortgage business—
(a)
comply with the requirements set out in Schedule 2;
(b)
retain information relevant to demonstrating the firm’s compliance or non-compliance with the requirements of that Schedule—
(i)
in retrievable and legible form; and
(ii)
so long as any sum remains outstanding, or any mortgage or charge remains in place, under the consumer buy-to-let mortgage contract to which the information relates;
(c)
provide the FCA with such information in relation to the firm’s consumer buy-to-let mortgage business and its compliance with the requirements of that Schedule as the FCA may direct, in order to enable the FCA to discharge its functions under this Part; and
(d)
deal with the FCA in an open and co-operative manner.
(2)
Information provided under paragraph (1)(c) must be given at such times and in such manner, and verified in such manner, as the FCA may direct.