First-time buyers, self-employed individuals, and older borrowers could soon find it easier to access mortgage finance as the City regulator prepares to modernise its rules, aiming to reflect contemporary living and future societal changes.
The Financial Conduct Authority (FCA) has declared its ambition to cultivate "the mortgage market of the future", envisioning a system that adapts to rapid technological advancements, evolving employment patterns, demographic shifts, and the lifelong needs and expectations of people, including into their later years.
