Mortgage lending rules could be relaxed to enable more people to borrow for a home, as regulators explore ways to stimulate the economy.In a recent letter, the Financial Conduct Authority (FCA) announced it would review the stringent rules introduced after the 2008 financial crisis, aiming to make borrowing more accessible.The review will likely examine the trade-off between safeguarding borrowers and easing access to home loans, a change that lenders would welcome.Additionally, the FCA will consider whether to remove the £100 limit on contactless card payments, aligning them with digital wallets that have customisable limits.In December, Prime Minister Sir Keir Starmer, the chancellor, and the business secretary urged the UK's primary regulators to propose reforms that could drive economic growth. They set a mid-January deadline for responses.In its reply, published on Friday, the FCA highlighted ongoing initiatives aimed at boosting economic activity. Among the new proposals under consideration are changes to mortgage and contactless payment regulations.Current mortgage rules require lenders to ensure borrowers can afford repayments, even at higher interest rates. These regulations were introduced after the financial crisis exposed risky lending practices that threatened major financial institutions.The FCA notes the low rates of missed repayments and repossessions as potential indicators that the current rules may be overly restrictive."We will begin simplifying responsible lending and advice rules for mortgages, supporting home ownership and initiating a discussion on the balance between access to lending and default levels," said FCA chief executive, Nikhil Rathi.The FCA will weigh its primary duty of consumer protection against its secondary goal of fostering economic growth.