The UK Financial Conduct Authority (FCA) says it wants to help more people access mortgages, including creditworthy first-time buyers. The regulator states that some individuals who are able to meet lending criteria may currently be underserved by the mortgage market. The FCA’s position is based on the view that not everyone who could responsibly afford borrowing is getting the opportunity to do so. While the FCA is not reported to have specified detailed policy actions in the provided accounts, its stated aim is to improve access for eligible consumers. The messages from the sources are aligned in focusing on mortgage availability and on the FCA’s assessment that parts of the market may fail to reach certain borrowers who would otherwise be suitable. Overall, the FCA’s announcement highlights a regulatory push to broaden mortgage access for consumers who are assessed as creditworthy but may face barriers in obtaining lending.
FCA says it wants more people, including first-time buyers, to access mortgages
The UK Financial Conduct Authority (FCA) says it wants to help more people access mortgages, including creditworthy first-time buyers. The regulator states that some individuals who are able to meet l...
- The FCA says it aims to help more people access mortgages.
- The FCA includes first-time buyers among the groups it wants to support.
- The regulator says some creditworthy people may be underserved by the mortgage market.
- The FCA’s comments indicate a focus on improving access for consumers who can meet lending criteria.
- The sources present the same core FCA message about mortgage access.
The regulator said it believes that some creditworthy people may be currently underserved by the market.
2 months ago
Marijuana firms prepare IPOs as NYSE and Nasdaq compete for listings
Marijuana-related companies are preparing for initial public offerings, with exchanges including the NYSE and Nasdaq see...
Three men arrested in Virginia child exploitation sting released on bond, DHS says
Three men arrested in a child exploitation sting in Fairfax County, Virginia, are released on bond, according to the U.S...
HMRC data shows 240 UK taxpayers report over £1m in crypto gains
UK tax records released by HMRC show a small group of taxpayers report very large crypto-related capital gains. The figu...