Regulatory AlertsPS19/27: Changes to mortgage responsible lending rules and guidance – feedback on CP19/14 and final rules
The Financial Conduct Authority issued Policy Statement PS19/27 to finalize changes to mortgage responsible lending rules following consultation CP19/14. The document incorporates feedback received from stakeholders and establishes new regulatory requirements for lenders regarding affordability assessments and risk management. These final rules aim to enhance consumer protection by ensuring mortgage products are suitable for borrowers and that lenders maintain robust lending standards.
Share