Mortgage Lenders and Brokers

PRA amends rules on loan to income ratios in mortgage lending

The PRA has published a Policy Statement on amendments to the PRA’s rules on loan to income ratios in mortgage lending – PS11/16. This Prudential Regulation Authority (PRA) policy statement (PS) sets out final rules intended to keep second and subsequent charge mortgage contracts excluded from the loan to income (LTI) flow limit, following the implementation …

PRA amends rules on loan to income ratios in mortgage lending Read More »

FCA outlines future regulatory treatment of CCA regulated first charge mortgages

The FCA today published PS16/7: Future regulatory treatment of CCA regulated first charge mortgages. In this Policy Statement, the FCA reports on the main issues arising from Consultation Paper CP15/36 (Future regulatory treatment of CCA regulated first charge mortgages) and publishes the final rules. The regulator issues this paper, since in November 2015 it consulted on …

FCA outlines future regulatory treatment of CCA regulated first charge mortgages Read More »

FCA consults on rules and guidance on Mortgage Credit Directive

The FCA has published the consultation paper CP16/2: Mortgage Credit Directive: Minor changes to our rules and guidance. The paper aims to set out a number of proposed changes to our Handbook, in particular to the Perimeter Guidance manual (PERG) and Glossary of terms. We are also proposing changes to rules and guidance in the Mortgage and …

FCA consults on rules and guidance on Mortgage Credit Directive Read More »

Scroll to Top

Add Article

Add your article to Planet Compliance.