26 March 2019
•
Image:
"These changes should make it easier for consumers to get a more affordable mortgage" - FCA's Christopher Woolard
So-called 'mortgage prisoners' could soon be able to find a cheaper deal as a result of proposed changes from the Financial Conduct Authority (FCA) on how lenders assess whether or not a customer can afford the loan.
In the final report of its Mortgages Market Study, MS16/2, published this morning (26 March), the FCA confirmed its earlier findings that the mortgage market is "working well in many respects but falls...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intellignece through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
