On 8 September 2021, the FCA updated its webpage on Policy Statement 20/11: Removing barriers to intra-group switching and helping borrowers with maturing interest-only and part-and-part mortgages to reflect the fact that the temporary guidance on maturing interest-only and part-and-part mortgages will expire on 31 October 2021 and will not be extended. The FCA states that the harms the guidance was designed to protect against have not materialised to the extent originally thought possible. Therefore the regulator does not feel that it is in the borrowers’ interests to extend the temporary guidance.