Financial Ombudsman's view on setting upper age limits on lending
- 27-05-2023
- Regulation
I have written previously around the maximum age it is possible to have a mortgage. some lenders are more flexible than others but the Financial Ombudsman Service has published more information that is telling lenders to be flexible.
Consumer Duty
- 09-11-2022
- Regulation
The Financial Conduct Authority is introducing new regulations in July 2023 called Consumer Duty. It is said to be one of the biggest shake-ups in regulation for over a decade.
Bank of England considers reducing mortgage stress rates
- 07-03-2022
- Regulation
Following the financial crisis, stricter affordability requirements for mortgages were introduced. The changes introduced in 2014 made it significantly more difficult for borrowers to obtain a mortgage, those that could often weren't able to buy a house in the price range they wanted. The BoE is now considering changes.
What is a foreign Currency Loan - FCL?
- 08-11-2021
- Regulation
What is a foreign currency loan? The Mortgage Conduct of Business defines what this is in relation to mortgages. Let's take a look at what that may mean for you in relation to a mortgage.
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