Regulatory Alerts2025-03-07
Added · Updated
PS25/11: Mortgage Rule Review: First steps to simplify our rules and increase flexibility
The document reminds firms of existing flexibility in mortgage rules, noting that current interest rate stress testing approaches may unduly restrict access as rates fall. It announces a forthcoming Call for Evidence on stress testing methods and plans for an Open Finance Sprint later this month to explore smart data sharing and digital identity services. In May, the regulator will consult on measures to facilitate remortgaging with new lenders, term reductions to lower borrowing costs, and discussions outside regulated advice processes, while also proposing to retire guidance superseded by the Consumer Duty. A public discussion is scheduled for June to address risk appetite, alternative affordability testing, lending into later life, and consumer information needs.
More like this from FCA
FCA published 5 documents in the last 30 days. We email you each new one the day it's published.