0

I am curious to know if a company can lend an individual money at a high interest rate for many years without a licence or following any guidelines in the UK The loan was secured on a commercial property with a mortgage (first charge) I believe under the FCA regulations it would not be a regulated activity but are there any other guidelines the lender would have to adhere to if making substantial amounts of money on the loan (rates way above the open market rate)

2
  • This question contains no periods, making it very difficult to read. Editing by the OP is highly recommended. Nov 28 at 10:10
  • 8 years, taken out in 2015
    – user53151
    Nov 29 at 11:33

0

You must log in to answer this question.

Browse other questions tagged .