STRICT rules on mortgage lending could be loosened to allow more people to borrow for a home, as regulators respond to a call to boost the economy reports the BBC.
In a newly-published letter, the UK’s financial regulator the Financial Conduct Authority (FCA) says it will investigate ways to simplify rules brought in following the 2008 financial crisis.
It is likely to review the balance between protecting borrowers and access to home loans, in a move that would be welcomed by lenders.
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