Mortgage customers: proposed changes to responsible lending rules and guidance

The BSA has responded to FCA proposals to help Mortgage Prisoners by enabling lenders to utilise a modified affordability assessment.

We are pleased that the FCA is attempting to address the regulatory barriers that currently restrict some customers from remortgaging. It is positive that FCA are looking to create an implementation group to take this work forward, we will continue to work closely with the FCA to improve the mortgage market for all.

See here for our full response.