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Ideas to simplify UK mortgage market rules due for consultation in May

( March 7, 2025, 11:49 GMT | Official Statement) -- MLex Summary: UK mortgage lenders will see the Financial Conduct Authority conduct a call for feedback in May consisting of "early ideas to simplify its rules and benefit mortgage consumers." The update is meant to make it easier for customers to remortgage with a new lender, discuss options outside a regulated advice process and reduce their mortgage term. In June, the FCA will also open a public discussion on the future of the mortgage market. Rachel Reeves, the finance minister, said: "This is welcome action by the regulator to kickstart economic growth and help working families get on the housing ladder."Statement follows....

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