Meaning of credit intermediaryU.K.
5.—(1) A person acts as a credit intermediary if the person—
(a)is not a creditor;
(b)is not merely introducing, either directly or indirectly, a consumer to a creditor or credit intermediary;
(c)is acting in the course of the person's trade, business or profession, for remuneration, which may take a pecuniary form or any other agreed form of financial consideration; and
(d)meets one or more of conditions A to C.
(2) Condition A is that the person presents or offers consumer buy-to-let mortgage contracts to consumers.
(3) Condition B is that the person assists consumers by undertaking preparatory work or other pre-contractual administration in respect of consumer buy-to-let mortgage contracts other than as referred to in Condition A.
(4) Condition C is that the person concludes consumer buy-to-let mortgage contracts with consumers on behalf of the creditor.