COVID-19: Find out more on how we can support your conveyancing journey

FCA’s new rules will free mortgage prisoners

Barriers that stop “mortgage prisoners” moving on to a better deal are to be removed. The Financial Conduct Authority (FCA) is introducing new rules to allow lenders to apply a different affordability assessment for customers. Stricter affordability criteria Tighter rules around affordable borrowing were introduced after the 2008 financial crash. Read more…