PS25/11: Mortgage Rule Review: First steps to simplify our rules and increase flexibility

The Prudential Regulation Authority issued Policy Statement 25/11 to outline initial measures for simplifying mortgage regulations and enhancing flexibility within the sector. This document formalizes the outcomes of a consultation period that ran from May to June 2025, published on July 22, 2025. It establishes the regulatory framework for the first phase of the Mortgage Rule Review aimed at reducing complexity for firms while maintaining consumer protection standards.

United Kingdom

Financial Conduct Authority

Consultation opens

07/05/2025

Consultation closed

04/06/2025

Policy statement published

22/07/2025