Mortgages

On 7 May 2025, the Financial Conduct Authority (FCA) published a consultation paper, CP25/11, on its Mortgage Rule Review: First steps to simplify our rules and increase flexibility.

Background

The FCA flags that various regulatory reforms since the 2008 financial crisis have improved standards across the mortgage market, including the introduction in

On 3 April 2025, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) launched a consultation, FCA CP25/6 and PRA CP6/25, on proposed amendments to the PRA Rulebook and FCA Guidance concerning the de minimis threshold for the loan to income (LTI) flow limit in mortgage

On 7 March 2025, the Financial Conduct Authority (FCA) published a new webpage where it outlines the flexibility for firms in the interest rate ‘stress test’ rule and considers the effect of future rate rises on mortgage affordability.

As interest rates fall, the current market approach to interest rate stress testing may be

On 21 February 2024, the Financial Conduct Authority (FCA) published a webpage outlining its working group on interest-only (IO) mortgages.

The FCA is working with 12 mortgage lenders and administrators to continue its work in the interest-only mortgage market. The group’s primary purpose is to support and inform the FCA’s review of

On 11 December 2023, the European Banking Authority (EBA) published a peer review report on the supervision of creditors’ treatment of mortgage borrowers in arrears under the Mortgage Credit Directive (MCD), which assesses the conduct supervisory approaches of competent authorities in this area.

The review, which was developed in response to

On 19 April 2023, the FCA published a speech by its Director of Retail Banking, David Geale, delivered at the London Institute of Banking and Finance mortgage conference at Congress Centre, London. The speech discusses the FCA’s view of green mortgages.

Mr Geale begins by defining a green mortgage, as a mortgage which includes an

Introduction

On 2 August 2022, the Financial Conduct Authority (FCA) released its latest statement on switching in the mortgage market.

Among other things the statement notes that the number of mortgage borrowers not switching their mortgage deal, when they could save money by doing so, has declined significantly since 2016. Given the rising