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First-Time Buyers and Retirees ‘Could Gain From Possible Mortgage Rule Changes’
- The FCA has initiated a consultation paper to examine possible revisions to mortgage regulations, inviting input until September 19.
- The paper responds to challenges from rising house prices outpacing wages, which have made home ownership harder, especially for those without family support.
- It invites debate on measures like rent-based affordability, long-term fixed-rate mortgages, and rules supporting self-employed and income-constrained borrowers.
- David Geale emphasized the intention to initiate discussions aimed at adjusting mortgage regulations to make home ownership more attainable, while Charles Roe expressed support for the proposed regulatory updates.
- The FCA will review responses before deciding on rule adjustments that balance supporting home ownership with maintaining responsible lending and market stability.
23 Articles
23 Articles
Mainstream advisers should at least be curious about equity release, says Pure Retirement’s Burman
Mainstream mortgage advisers should take an interest in later life mortgages, particularly as the market is set to grow, a lifetime mortgage lender head said. The post Mainstream advisers should at least be curious about equity release, says Pure Retirement’s Burman appeared first on Mortgage Solutions.
First Time Buyers And Retirees Could Benefit From Possible FCA Mortgage Rules Changes - HomeOwners Alliance
The UK’s financial watchdog has launched a ‘public conversation’ on the future of the mortgage market, aiming to boost homeownership and support growth. The Financial Conduct Authority (FCA) has published a discussion paper that sets out the potential benefits and risks of rule changes. The regulator says more flexibility could help lenders tailor products more effectively to diverse customer needs. Those who could particularly benefit from chan…
FCA seeks feedback on mortgage rules for 'once in a generation' chance to increase home buying | Today's Conveyancer
FCA seeks feedback on mortgage rules for 'once in a generation' chance to increase home buying: The Financial Conduct Authority has shared a discussion paper on the future of the mortgage market and is seeking a public conversation with experts and co
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