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Evening Standard

Vicky Shaw

Later life mortgages to be put under spotlight by City regulator

City the Financial Conduct Authority Nikhil Rathi FCA

The Financial Conduct Authority said it wants to understand if the later life mortgage market will develop (Yui Mok/PA) - (PA Archive)

The City regulator is putting later life mortgages under the spotlight to help make sure the market evolves in a way that meets people’s needs.

The Financial Conduct Authority (FCA) said that in the coming years, older homeowners may increasingly have to use their housing wealth to achieve financial security and comfort in later life.

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