FCA unveils affordability assessment changes as part of mortgage market package

By Neasa MacErlean

The FCA is working on a package of proposals to help consumers navigatethe mortgage market more efficiently. Some moves are being initiated “throughcollaboration with industry in the first instance, rather than through rulechanges”. But the regulator also plans to relax its responsible lending rulesand guidance in order to help ‘mortgage prisoners’ who are tiedinto expensive historic mortgage rates.