A mortgage to common borrowers, which is not a guarantee, generally does not require a lender to rebut a presumption of undue influence. The agreement will also apply if illicit influences have actually taken place, if the lender has no constructive knowledge and if the lender has no evidence.  Andrew Settle, of Consumer Credit Litigation Solicitors (CCLS), said: “Our experience shows that many banks and credit card companies do not have systems and procedures in place to comply with the requirements of the Consumer Credit Act; and it is also clear that many agreements did not comply with the conditions of the Consumer Credit Act when the agreements were originally developed. The Chancellor found that the debtors had potential claims under Section 140A CCA 1974 for the repayment of the sums they had paid for irrevocable irrevocable agreements, if (i) these payments had been encouraged by the creditor, incorrectly stating in collection letters that the loan contracts could be obtained through the assumption of a property procedure , and (ii) the debtor had paid only on the basis of these letters. Such letters would not result in an “unfair relationship” if the agreement is not irrevocably inapplically inapplically ineforceable. All mortgages must be secured by a properly executed deed.  Terms and conditions are generally included in a separate mortgage agreement. The financial conduct authority (FCA) Mortgage Conduct of Business (MCOB) rules define the information requirements that will be provided prior to the performance of the contract and which will be included in the contract. A borrower may be entitled to damages that can be deducted from the mortgage debt, but this will generally not defeat a right to property.  A lender`s failure to comply with the LCA scheme as defined in the mcob rules is not a defence of a right to property. However, the Tribunal may suspend the possession order or defer proceedings until the outcome of an action for damages (at a hearing or as a result of a transaction between the parties) because of a violation of a provision of the MCOB that resulted in losses to the borrower.
 He concluded: “The judgment showed that the High Court and the OFT are in full agreement with respect to consumer financial protection and requirements, particularly in the areas of inapplicability of credit contracts. Consultants should check whether the mortgage documents contain clear and fair conditions and provisions for repayment of the loan and holding in the event of default.