27 June 2025
Looser mortgage rules: is the potential growth worth the risk?
June marks the end of the Financial Conduct Authority’s (FCA) initial response period on simplifying mortgage rules. This was launched with the aim of making it “easier, faster and cheaper” for borrowers to get a mortgage. In addition, the FCA has been reminding lenders of the “flexibility” in the rules when it comes to accessing a mortgage in the first place. For example, the industry also expects any further loosening of regulations to include a lowering of the Loan-to-Income (LTI) limit, which currently restricts most mortgages to no more than 4.5 times a borrower’s income.
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