PS19/27: 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.

United Kingdom

Financial Conduct Authority

Open consultation: CP19/14

26/03/2019

Consultation closes

26/06/2019

Policy Statement

28/10/2019