Earlier today, on 2 October 2025, the UK Financial Conduct Authority (the FCA) published a mortgage rule review webpage bringing together a summary of the FCA’s work on its mortgage rule review.
The webpage’s aim is to set out the FCA’s changes and communications and what they mean for firms.
So far, the FCA lists five important developments. These are:
– the flexibility in the FCA’s existing stress test rule in MCOB 11.6.18R (and more can be found by visiting another webpage published by the FCA);
– the FCA’s Discussion Paper on the future of the UK mortgage market (the FCA has published a webpage and the Discussion Paper; the consultation period ended on 19 September 2025);
– the changes made to MCOB to support greater choice in the mortgage market (for more, see our summary of the changes);
– the developments to the loan-to-income flow limits; and
– the FCA’s speech on mortgage reform to the Building Societies Association from May 2025.
It’s expected that this will continue to be updated in the coming weeks, months and years.