FCA mortgage rules review: widening your options
The regulator is reviewing its mortgage rules. Here’s what that could mean for borrowers.
The Financial Conduct Authority (FCA) has been reviewing parts of its mortgage rules, with the aim of making it simpler for people to access suitable borrowing and to change their mortgage when their circumstances change.
What it could mean for you
Any changes are likely to be introduced gradually, and lenders will decide how they apply them. For some borrowers it could mean more choice; for others, very little may change.
Advice still matters
More options can also mean more to weigh up. Talking to an adviser helps you understand which choices genuinely suit your situation and what each one would mean over the long term.
If you’d like to know how the changes might affect your plans, get in touch.
Your property may be repossessed if you do not keep up repayments on your mortgage.
