FCA Considers Relaxing Mortgage Rules and Contactless Payment Limits to Boost Economy
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 ...