Brokers Fees and Prescribed Terms under the Consumer Credit (Agreements) Regulations 1983: Further Good News for Lenders

    November 2009

    This article considers the Court of Appeal's decision in Southern Pacific Personal Loans Limited v Michael Walker & Suzanne Walker [2009] EWCA Civ 1176 on prescribed terms and prescribed information under the Consumer Credit (Agreements) Regulations 1983. It examines a particularly important issue for lenders: how broker's fees must be documented and whether interest can be charged on them.