FS25/6: Mortgage Rule Review: Feedback to DP25/2 and Roadmap

Read FS25/6 (PDF)[3]

Why we asked for feedback

We want to enable the mortgage market of the future.

The Mortgage Rule Review[4] aims to simplify our rules and consider opportunities to support sustainable home ownership.

In June 2025, our Discussion Paper (DP25/2)[2] launched a public conversation. It considered areas where changes may be needed to support sustainable home ownership and economic growth, and where increased flexibility could allow firms to tailor their product offerings to consumers’ evolving needs.

We have listened to stakeholders and respondents to the DP, and to feedback from July 2024’s Consumer Duty Call for Input[5].

We believe there are several areas where we can act to widen access, support growth and improve lives.

This Feedback Statement (FS25/6) sets out our response to feedback following DP25/2 and action we will take as part of a longer-term plan to modernise our mortgage rules.

Who this is for

This paper will primarily interest:

• Mortgage lenders and administrators, including later life and equity release firms.
• Home purchase providers and administrators.
• Mortgage intermediaries.
• Trade bodies representing mortgage lenders and intermediaries.
• Consumer groups and organisations.
• Consumers who own, or want to own, their home with a mortgage, or who want to release equity from their home for later life.

Next steps

FS25/6 includes our Roadmap showing how we’ll shape  the future mortgage market. This action is prioritised under 4 themes:

• Expanding access for first-time buyers and underserved consumers.
• Enhancing later life lending.
• Enabling innovation.
• Protecting vulnerable consumers.

We will act at pace to bring forward proposals to support first-time buyers and underserved consumer groups in 2026.

Policy development on all themes will commence by the end of 2026 continuing through 2027 as required.

Proposals to update our mortgage standards as part of wider, cross-cutting policy initiatives may also take place during this period.

See FS25/6[4] for full details.