ORGANISATIONS:

Financial Conduct Authority

POLICY AREAS:

MortgagesAdviceAffordability
Status:
closed

Mortgage Customers: Proposed changes to responsible lending rules and guidance

The Mortgage Market Study found that some consumers are unable to switch products due to changes in affordability criteria post financial crash. This CP seeks to reduce barriers to switching and proposing amending the responsible lending rules so that lenders can choose to undertake modified affordability assessments in certain circumstances.

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