Can I submit a very important point up for discussion. It is this ..
"1 This exemption includes consumer credit agreements secured by a land mortgage where the creditor is making the agreement as a regulated activity under the Financial Services & Markets Act 2000 and certain home purchase plans."
Do this mean exactly what it says or is it an implied exemption? .....that it includes a loan secured on "your house"....it does not specifically say secured by a mortgae on a property,..... its says "land"...it also does not say "land or property" and it does not say land/ property.
You can have land with no property on it which would be exempt,...... you can also have a property built on land that belongs to someone else and the land is under lease for a certain length of time eg; ...99-999 years.... you can also have a property that is on your own land.
This I think will cause some legal arguments I think!!!