business / economy
13 hours ago

UK Regulators Consider Easing Mortgage Rules to Boost Economic Growth

UK Regulators Consider Easing Mortgage Rules to Boost Economic Growth
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7 Highlights
  • FCA considers easing mortgage rules to aid first-time buyers and boost growth.
  • Proposals include smaller deposit loans, raising homeownership chances.
  • FCA aims to simplify lending while ensuring stability and protection.
  • Concerns over house price rises and debt, echoing past crisis warnings.
  • Labour's push ties regulatory change to pro-growth financial agenda.
  • FCA and Labour stress avoiding future financial scandals in new rules.
  • Debate ongoing on mortgage rule impacts on housing market and debt.
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