FCA to ease mortgage lending rule

The Financial Conduct Authority is set to review mortgage lending rules to potentially ease borrowing restrictions, responding to calls for economic growth. In a letter, the FCA will announce it is exploring the simplification of regulations established after the 2008 financial crisis. Prime Minister Sir Keir Starmer and other officials have urged regulators to consider reforms that could stimulate the economy. The FCA will also consider removing the £100 limit on contactless payments, aiming to encourage spending while balancing consumer protection and growth objectives. 

BBC News (18/01/2025)   Daily Mail (18/01/2025)   The Daily Telegraph (18/01/2025)   The Guardian (18/01/2025)