UK regulator to dilute mortgage lending rules

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Despite the consumer groups that warns the risks of the growing incorrect risks of the growing incorrect risks of the British financial guard, it has announced that people plan to reduce the rules for the mortgage loan to get home loans.

British creditors will be released from providing official advice or implementing fully favorable assessments during regulation mortgage For many clients marked by the financial behavior body on Wednesday.

“We want to be easier, faster and cheaper for debt buyers,” Emad Aladal, FCA Retail Banking Director Emad Aladal, “he said.

Regulator gossip He also broke the instructions on the instructions for those who said that clients related to the increase in interest to interest rates and interest. He said they had achieved their goals and did not benefit much.

The chip in the rules designed to prevent the future financial crisis is part of the reaction call for Prime Minister Sire Reir Starmer’s reaction to the promotion of regulators to promote economic growth.

“These proposals can be used to update their approaches to better consequence and develop their approaches, so the borrows allow you to develop their capabilities to make the correct choice for mortgages,” he said.

Banks greeted the announcement. “Proposals should be useful for those who want to retreat or reduce the mortgage, the Director of Mortgage Loans in the British financial commerce.” Changes will help us to manage the government’s growth agenda to our members and mortgage customers. “

However, the regulator has fears diluting consumer protectors. “FCA should watch the market very carefully after entering the incorrect sale or return to the cycle of incorrect purchases or returns to a new error,” he said.

According to the proposals, the lender was allowed to be a lighter assessment of a client when offering a cheaper proportion to a cheaper than the existing lender.

Last year, 83 percent of the abolish people remained with existing lenders and FCA has been reflected in a few obstacles or several obstacles or operating costs “while trying a mortgage from a different provider.

Lenders will be released from taking a complete favorable assessment when customers reduce the duration of the mortgage. FCA, 41% of 41% of 41 percent of the new mortgage extended outside the 67 state pension age and reduced the term in life “in life” reduced the risk of payment problems.

Regulator, customers have facilitated the official recommendation that includes the official recommendation that includes an official recommendation that includes a home loan, facilitating the promotion of the mortgage.

In the last two decades, 97% of customers receiving a new mortgage received adjustable recommendations from lending. In response to the financial crisis in 2008, FCA was about 70 percent before submitting the hardest demands in 2014.

FCA, 2014 rule, consumers have no need to protect the exact home loan and the protection of the compliance, and if confident, it is confident that consumers have limited their refusal to their advice.

He would not change for higher risk clients as “the right to buy” their homes, homes, shared capital arrangements or lifetime mortgages.

The regulator two years ago, customers said that the consumer demanding companies to ensure good results. However, this suggestions say that people say “more likely to choose a low or more expensive product.”

Companies responded to consultation by June 4.