Mortgage Rule Review
Feedback to DP25/2 and Roadmap
The FCA have now released their feedback to DP25/2, ‘Mortgage Rule Review: the future of the mortgage market’. This feedback statement looks at the feedback received on the future of the mortgage markets in the Discussion Paper 25/2, and outlines the action the FCA will take to modernise their mortgage rules. This forms part of the FCA’s 5 year strategy which sets out to support growth and help consumers navigate their financial lives. It also forms part of the work announced in a letter to the Prime Minister to support home ownership and the UK economy.
As always, at Paradigm we are keen to support intermediaries through all regulatory change that will impact upon your business. This particular paper is of relevance to all Mortgage firms and their advisers. It will also be of great interest to those firms and advisers who operate in the later life lending market.
If you’d like to read the FCA’s documents you can do so here:
Alternatively, you may find it easier to watch our short, 15-minute briefing on this topic from senior individuals across our business where we look in more detail about what this means for intermediaries, what to expect and what you need to do. This video can be counted towards your CPD hours.
In summary, this signposts the direction of travel from the FCA for the Mortgage market in 2026. Currently there is no immediate action for firms to take. However, the Regulator has mentioned that they will act at pace in terms of making the market more accessible for first-time buyers and underserved consumers so Paradigm envisage a flurry of discussion papers and consultations in the first half of 2026, please factor this in to any plans you may have for your businesses.
We will be contacting you with our view points and advising you on any actions you need to take as a result of these discussions. We will also be feeding back to the Regulator our own thoughts on any suggested changes through our various channels such as the APCC.
If you have any queries, or need further assistance, please contact the technical services team on 0161 486 4891 or [email protected] in the first instance or, if you subscribe for Consultant visits and support, you can contact your Consultant in the normal manner.
If you do not currently subscribe for Consultant visits and support or our File Review service but would like to know more, please email [email protected] or call 0161 486 4891.
THIS SITE IS FOR PROFESSIONAL INTERMEDIARY USE ONLY AND NOT FOR USE BY THE GENERAL PUBLIC.
Paradigm Consulting is a Member of the Association of Professional Compliance Consultants and also the Consumer Duty Alliance.
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Office address: Paradigm Partners Ltd, Paradigm House, Brooke Court, Wilmslow, Cheshire, SK9 3ND
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Paradigm Mortgage Services LLP
Office address: 1310 Solihull Parkway, Birmingham Business Park, Birmingham B37 7YB
Registered in England and Wales. Company No: OC323403. Registered Office: Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow, SK9 3ND
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Paradigm Protect is a trading name of Paradigm Mortgage Services LLP
Office address: 1310 Solihull Parkway, Birmingham Business Park, Birmingham B37 7YB
Paradigm Mortgage Services LLP is registered in England and Wales. Company No: OC323403. Registered Office: Paradigm House, Brooke Court, Lower Meadow Road, Wilmslow, SK9 3ND
Paradigm Mortgage Services LLP is a Limited Liability Partnership.