UK mortgage reform: What FCA's DP 25/2 review means for the market

The FCA's discussion paper on the future of UK mortgage regulation raises fundamental questions about how the market should work.   From interest rate stress tests and later life lending to variable income borrowers and customer vulnerability, DP 25/2 signals a potential shift in how the regulator thinks about risk, access and consumer outcomes.   What are the key proposals? What does this mean for lenders, intermediaries and consumers? And where is the FCA's direction of travel heading?  Counsel Jean Price and associate Giannis Giortzis discuss with knowledge lawyer Louise Bralsford the discussion paper's key proposals, exploring what they mean for the mortgage industry and how they fit into the UK's broader ambition for a more supportive and transparent financial landscape.   They examine the FCA's possible approach to stress testing, lending to those with variable income and the treatment of vulnerable customers.   The episode delivers a practical understanding of DP 25/2 and what the FCA's possible reforms could mean for mortgage lending and consumer financial decisions.