The Court considered the pre-November 2018 form of CONC chapter 5. CONC 5.2.1(2) R (from the range regarding the creditworthiness evaluation) requires the creditor to take into account (a) the potential for commitments beneath the credit that is regulated “to adversely impact the customer’s financial predicament” and (b) the customer’s “ability … to produce repayments because they fall due”.
Perform Borrowing from D
The way CONC 5.2.1(2) R is framed recognises there was more towards the concern of negative affect the customer’s situation that is financial their capability to make repayments because they fall due on the life of the mortgage. Otherwise, there is you don’t need to split down (a) and (b) 36. Further, while 5.2.1(2) R relates to “the” regulated 
credit contract, the effect of commitments beneath the loan requested can just only be correctly evaluated by mention of the customer’s other economic commitments 36.
A brief history of perform high-cost short-term (“HCST”) borrowing is pertinent towards the creditworthiness evaluation 104. [Read more...]