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UK's FCA changes mortgage rules to ease remortgaging, saving consumers up to £21.4m yearly.
The UK's Financial Conduct Authority (FCA) has introduced changes to mortgage rules to make it easier for homeowners to remortgage or reduce their mortgage terms without needing advice from brokers, potentially saving consumers up to £21.4m annually.
These changes aim to support growth and increase mortgage options for homeowners while simplifying affordability assessments.
The FCA is also seeking public feedback on future mortgage market reforms until September 19, 2025.
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La FCA del Reino Unido cambia las reglas hipotecarias para facilitar la rehipotecación, ahorrando a los consumidores hasta 21,4 millones de libras esterlinas anuales.