The Latest Breaking News from FCA

Santander eases mortgage rules so it can lend up to £35,000 more

Bank cuts its stress testing rate for home buyers after FCA urged lenders not to be ‘unduly restricting’

The Guardian - UK · Mar 28, 2025

Santander becomes first major bank to loosen key mortgage rule over customer borrowing limits

Part of a mortgage application includes passing an affordability test - this change may make it easier to loan more money

The Independent UK · Mar 28, 2025

Housebuilding to hit 40-year high as red tape cut, but buyers ‘need support’

The Office for Budget Responsibility has forecast that Labour’s planning reforms will boost housebuilding by 170,000 over the next five years.

Evening Standard · Mar 26, 2025

London Metal Exchange fined £9.2m for role in nickel market chaos

Exchange was ‘unprepared’ for the risks that emerged when Russia’s invasion of Ukraine caused a price rise

The Guardian - UK · Mar 20, 2025

First-time buyers look beyond London to get on property ladder

In 2023, 12.7 per cent of first-time buyer mortgages were taken out for homes located in London, down from 16.8 per cent a decade earlier

Evening Standard · Mar 18, 2025

Car finance firm Close Brothers slumps to loss after taking £165m hit

Company’s shares plunge as it estimates total costs of £200m this year from motor finance scandal

The Guardian - UK · Mar 18, 2025

Insurers charging rates similar to credit card providers to pay monthly – Which?

The average APR across car insurers charging to pay monthly was 22.84% and across home insurers it was 21.59%, the consumer group said.

Evening Standard · Mar 18, 2025

What could the Government’s plans to ‘cut red tape’ mean for households?

The Government is aiming to reduce duplication by different bodies and help drive economic growth.

Evening Standard · Mar 17, 2025

From contactless limits to mortgages: What plans to cut red tape mean for your wallet

The Government is aiming to reduce duplication by different bodies and help drive economic growth

The Independent UK · Mar 17, 2025

Crispin Odey banned from City and handed £1.8m fine by FCA

Hedge fund manager deliberately tried to frustrate investigation into sexual misconduct allegations, says regulator

The Guardian - UK · Mar 17, 2025