Responsible mortgage lending and repossession under review

The UK's mortgage affordability assessments and arrears rules are among the most effective in its regulatory regime. Current proposals seeking to broaden access to home ownership will not drastically alter the mortgage market; nor will they help customers currently trapped in high-rate subprime loans, comments Adam Samuel.

Adam Samuel BA LLM DipPFS MCISI FCIArb Certs CII (MP&ER) Barrister and Attorney may be contacted at adamsamuel@aol.com. You can purchase Adam's latest book 'Compliance - a Short Book' at www.amazon.co.uk/Compliance-Short-Book-Adam-Samuel-ebook/dp/B0CTRYBN1J/. For links to where you can buy the second edition of 'Consumer Financial Services Complaints and Compensation', see www.adamsamuel.com/writing.

When in March the Financial Conduct Authority announced its review of MCOB, it focused most of its attention on the back-end of this volume. In one sense, criticising the responsible lending and repossession rules seems to involve targeting the most successful part of the rulebook.