{"id":156483,"date":"2025-06-26T19:05:54","date_gmt":"2025-06-26T12:05:54","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rules-that-protect-uk-homeowners-from-repossessions-may-be-scrapped\/"},"modified":"2025-06-26T19:22:05","modified_gmt":"2025-06-26T12:22:05","slug":"rules-that-protect-uk-homeowners-from-repossessions-may-be-scrapped","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rules-that-protect-uk-homeowners-from-repossessions-may-be-scrapped\/","title":{"rendered":"Rules that protect UK homeowners from repossessions may be scrapped"},"content":{"rendered":"


\nFCA boss says mortgage charter up for review amid pressure from the chancellor to remove red tape for firmsBusiness live \u2013 latest updatesThe City watchdog is considering scrapping rules meant to protect struggling homeowners from having their homes repossessed, in the latest sign of regulators reacting to pressure from the chancellor, Rachel Reeves, to remove red tape for businesses.The chief executive of the Financial Conduct Authority (FCA), Nikhil Rathi, said the much-lauded mortgage charter was up for review as the body tries to show it is addressing accusations that its rules have hindered economic growth.No home would be repossessed within 12 months of the first missed payment.Customers could seek advice from their lender without it affecting their credit score.Customers could switch to an interest-only deal for six months; or extend their mortgage term and revert back within six months if they want. Neither option requires an affordability check or will affect their credit score. Continue reading…
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\nSource : theguardian.com
\nRead more…Rules that protect UK homeowners from repossessions may be scrapped<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FCA boss says mortgage charter up for review amid pressure from the chancellor to remove...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-156483","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-EHV","jetpack-related-posts":[{"id":137813,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-12-month-grace-period-whats-in-it-for-you\/","url_meta":{"origin":156483,"position":0},"title":"Mortgage 12-month grace period: what\u2019s in it for you?","date":"June 24, 2023","format":false,"excerpt":"\r A charter has been struck between the chancellor and Britain\u2019s biggest lenders in a bid to stave off a wave of repossessionsStruggling homeowners are to be given a 12-month grace period before their home is repossessed as part of a new \u201cmortgage charter\u201d struck between Jeremy Hunt and Britain\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137809,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-pressures-will-not-tip-uk-into-wave-of-repossessions-fca-says\/","url_meta":{"origin":156483,"position":1},"title":"Mortgage pressures will not tip UK into wave of repossessions, FCA says","date":"June 23, 2023","format":false,"excerpt":"\r After a meeting between Jeremy Hunt and bankers at No 10, Nikhil Rathi says there will be \u2018no repeat\u2019 of 2008Mounting mortgage pressures will not tip Britain into the tidal waves of repossessions witnessed in recent financial crises, the head of the City watchdog insisted after an emergency meeting\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148846,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-rules-could-be-eased-to-increase-growth\/","url_meta":{"origin":156483,"position":2},"title":"UK mortgage rules could be eased to increase growth","date":"January 18, 2025","format":false,"excerpt":"\r FCA also aims to change law to try to prevent a repeat of mass compensation schemes for consumers such as PPIMortgage rules could be loosened by the City regulator as it comes under government pressure to increase economic growth and home ownership across the UK.The move to \u201csimplify responsible\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37842,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-to-review-close-relationships-in-mortgage-market\/","url_meta":{"origin":156483,"position":3},"title":"FCA to review 'close relationships' in mortgage market","date":"December 12, 2016","format":false,"excerpt":"\r Sweeping study will look at ties between lenders, brokers, estate agents and price comparison websites to see if consumers are getting the best dealsBritain\u2019s financial watchdog has launched a review of the mortgage market that will probe the \u201cinducements\u201d routinely paid to brokers and other industry players, to see\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149990,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/santander-eases-mortgage-rules-so-it-can-lend-up-to-35000-more\/","url_meta":{"origin":156483,"position":4},"title":"Santander eases mortgage rules so it can lend up to \u00a335,000 more","date":"March 28, 2025","format":false,"excerpt":"\r Bank cuts its stress testing rate for home buyers after FCA urged lenders not to be \u2018unduly restricting\u2019Business live \u2013 latest updatesOne of the UK\u2019s largest mortgage lenders has relaxed its rules and will offer some borrowers up to \u00a335,000 more to fund their home purchases.Santander said it had\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":155357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freemen-on-the-land-youtube-videos-tell-homeowners-they-arent-bound-by-mortgages\/","url_meta":{"origin":156483,"position":5},"title":"\u2018Freemen on the land\u2019: YouTube videos tell homeowners they aren\u2019t bound by mortgages","date":"June 8, 2025","format":false,"excerpt":"\r FCA has sounded alarm over growing conspiracy theory that uses arguments dating back to Magna Carta\u201cFreemen on the land\u201d sound like outlaws in a fairytale. But rather than stealing from the rich to give to the poor like Robin Hood, this group tries to convince hard-up borrowers they are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/156483"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=156483"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/156483\/revisions"}],"predecessor-version":[{"id":156484,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/156483\/revisions\/156484"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=156483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=156483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=156483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}