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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

UK mortgage shake-up: people on variable incomes could have more payment flexibility

Brightly coloured terrace houses in Bristol
The Financial Conduct Authority is also exploring the idea of making interest-only mortgages easier to get hold of. Photograph: Steve Taylor ARPS/Alamy

Freelancers and gig economy workers could enjoy more flexibility over how and when they pay their mortgage under plans designed to help more people get on the property ladder.

A shake-up of the rules so people whose income is “variable or irregular” could be freed up from having to make monthly mortgage payments is one of a number of changes being considered by the Financial Conduct Authority (FCA) that could make it easier for millions of “underserved” UK consumers to get a home loan.

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