UK’s FCA sets out mortgage rule changes aimed at widening access
Key takeaways
- UK’s FCA sets out mortgage rule changes aimed at widening access The FCA wants lenders to judge affordability using a borrower’s complete and up-to-date financial position.
- The measures are designed to allow lenders greater scope to take account of personal circumstances when assessing applications, while retaining consumer safeguards.
- Among the planned changes are steps to lower obstacles for lenders offering repayment options suited to people with uneven income, including self-employed borrowers, as well as those earning in a foreign currency.
UK’s FCA sets out mortgage rule changes aimed at widening access The FCA wants lenders to judge affordability using a borrower’s complete and up-to-date financial position. Credit: A9 STUDIO/ Shutterstock.com. · Retail Banker International · A9 STUDIO/ Shutterstock.com. Vidhya Edwards Munnangi Tue, June 9, 2026 at 6:51 PM GMT+7 2 min read The Financial Conduct Authority in the UK has proposed changes to mortgage rules that could make borrowing easier for first-time buyers, older applicants and self-employed workers.
The measures are designed to allow lenders greater scope to take account of personal circumstances when assessing applications, while retaining consumer safeguards.
Among the planned changes are steps to lower obstacles for lenders offering repayment options suited to people with uneven income, including self-employed borrowers, as well as those earning in a foreign currency.