FCA consultation: Responsible Lending for Mortgage Customers

On 26th March 2019, the FCA published a consultation paper (CP19/14) inviting views on their proposed changes to the responsible lending rules and guidance for mortgage customers.

Through the consultation and proposed changes, the FCA are hoping to amend the affordability assessments that lenders undertake to make them more proportionate for customers.  The ultimate goal is to remove some of the barriers which make it more difficult for some customers to move to a more affordable mortgage.

The consultation closes on 26 June 2019.