![\"\"](\"https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2026\/01\/6666.jpg\")
<\/a><\/p>\nThe Financial Conduct Authority (FCA) is considering major changes to responsible lending rules that could make it easier for first-time buyers, self-employed workers, and older borrowers to get mortgages.<\/p>\n
Key Proposed Changes
\n\u2705 More flexible affordability checks
\n\u2705 Easier mortgage access for self-employed applicants
\n\u2705 Better support for borrowing into retirement
\n\u2705 Encouragement of product innovation<\/p>\n
Why This Matters Now
\nFirst-time buyers struggle with strict affordability rules<\/p>\n
Self-employed face extra hurdles proving income<\/p>\n
1 in 5 over-55s still have a mortgage (more2life)<\/p>\n
UK housing crisis leaves many priced out<\/p>\n
Who Could Benefit?
\nGroup\tCurrent Challenges\tHow Changes Could Help
\nFirst-time buyers\tHigh deposits, strict income multiples\tMore flexible affordability assessments
\nSelf-employed\tHarder to prove stable income\tAlternative income verification
\nOlder borrowers\tAge limits on mortgage terms\tLonger terms, equity release options
\nIndustry Reaction
\nDave Harris, CEO of more2life
\n“Later life lending is no longer niche\u2014it’s vital. We need regulatory support for innovation, not friction.”<\/p>\n
Jamie Jenkins, Royal London
\n“With pension under-saving, many will rely on home equity in retirement.”<\/p>\n
Pete Maddern, Canada Life
\n“Housing wealth must be part of retirement planning alongside pensions.”<\/p>\n
Potential Risks
\n\u26a0 Could looser rules lead to riskier lending?
\n\u26a0 Will lenders actually pass on more flexibility?
\n\u26a0 How will retirement mortgages be sustainable long-term?<\/p>\n
What Happens Next?
\n\ud83d\uddd3 Public consultation open until September 19th
\n\ud83d\udcc8 Final rules expected in 2025
\n\ud83c\udfe6 Lenders to adjust products if approved<\/p>\n","protected":false},"excerpt":{"rendered":"
The Financial Conduct Authority (FCA) is considering major changes to responsible lending rules that could make it easier for first-time …<\/p>\n","protected":false},"author":1,"featured_media":21119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"","rank_math_description":"","rank_math_focus_keyword":"","rank_math_keywords":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-21245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/21245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21245"}],"version-history":[{"count":1,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/21245\/revisions"}],"predecessor-version":[{"id":21246,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/posts\/21245\/revisions\/21246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=\/wp\/v2\/media\/21119"}],"wp:attachment":[{"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotayamedia.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/lotayamedia.xyz\/wp-content\/uploads\/2026\/01\/1-6.jpg\")
<\/p>\n