Mortgage rules to ease for buyers

The Financial Conduct Authority (FCA) has promised “swift action” on making mortgages more accessible, with the City watchdog set to launch a consultation on simplifying rules, as well as alternative approaches to stress testing. The FCA will look at options for making it easier to access options such as remortgaging with a new lender and reducing the term of a home loan. Nikhil Rathi, chief executive of the FCA, said: “We are taking swift action to support people in getting the keys to their own home.” He added: “Firms have the flexibility to help more people become homeowners and we want them to use it.” 

Daily Mail (08/03/2025)   Financial Times (08/03/2025)   The Independent (08/03/2025)   The Standard (08/03/2025)