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Regulating for growth – FCA to start relaxing mortgage rules

Home for sale sign
New relaxed rules could make it easier for first-time buyers to get a mortgage. Photo: John Keeble/Getty Images

The new proposals are part of the FCA’s response to the government’s growth agenda.

The UK’s FCA has revealed first signs of embracing of the government’s growth agenda by announcing proposals that could potentially change and relax mortgage rules in the UK.

The new proposals were referred to in a letter by FCA chief Nikhil Rathi written in response to the government’s repeated calls