The UK’s financial regulator is weighing a series of reforms for the country’s mortgage market designed to widen access by responding to more flexible working patterns and longer life expectancies.
The Financial Conduct Authority said it would consult the public early next year on a package of measures including simplifying mortgage rules, later-life lending, the use of technology and protecting vulnerable consumers, according to a statement Monday. The watchdog said it plans to have the first rule changes in place later next year.