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The UK’s financial watchdog has initiated a "public conversation" into the future of the mortgage market, potentially easing access for first-time buyers, the self-employed, and those borrowing into retirement.
The Financial Conduct Authority (FCA) has released a discussion paper outlining the potential benefits and risks of rule changes, aiming to support wider access to sustainable home ownership and foster economic growth.
The regulator believes greater flexibility could enable lenders to tailor products more effectively to diverse customer needs.
