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The rules that restrict the lending of British mortgage will be reduced under the plans announced by the financial organizations on Friday to facilitate people to buy their home.

the Financial behavior authority He said he was about to launch an invitation to obtain evidence about how to reduce the rules that require banks to confirm whether borrowers could deal with high interest rates.

The organizer also defined plans to start a “public debate” in June in the mortgage market and launch a consultation in May to provide “early ideas” on how to facilitate the re -mortgage, obtain advice and reduce the duration of the home loan.

The proposals, which will carry out rules designed to prevent the future financial crisis, are part of FCA response To invite Prime Minister Sir Kerr Starmer to focus on pro -growth measures.

FCA mortgage proposals were welcomed Rachel ReevesWho said they “will start economic growth and help families working on housing ladder.”

“We are taking quick measures to support people in obtaining their home keys,” said Watchdog Nikhil Rathi. He added that the organizer wanted lenders to use flexibility in the current stress test rules “to help more people become homeowners.”

However, some officials are concerned that getting rid of many of the rules that have been presented after the 2008 financial crisis to prevent excessive risk in the mortgage market can endanger taxpayers at risk of having to save major banks again.

England Bank Governor Andrew Billy Representatives said In January, any reforms of the mortgage rules should take into account how it helped avoid “a real problem of the type we have seen in the past” in the next periodic decline or economic shock.

Rathi also said that reducing controls for mortgage lending could increase the failure to pay and rewrite homes, calling on politicians to determine an acceptable level of harm to consumers because he warned that “will be mistaken” when the regulations are reduced.

The mortgage lending in the United Kingdom is controlled by a mixture of fCA and BOE rules, most of which were presented after the financial crisis.

FCA requires banks to take the ability to withstand costs to verify whether borrowers are able to keep pace with the payment if interest rates rise.

The Supervisory Authority said that many lenders used a higher interest rate in the stress test from the rate they were already providing, which “might restrict access to mortgages at unnecessarily reasonable prices”, especially because interest rates were declining from its last peak.

The Finance Policy Committee of the Bank of England limits banks over a specific size to lending no more than 15 percent of the mortgages with more than 4.5 times the family income. The lending threshold has changed this limit in November, so it applies to fewer banks.

FCA said that the planned public debate on mortgages in June will take into account “the appetite of risk and risk official, testing the ability to withstand alternative costs, innovation of products, and prepare to meet the needs of consumer information at a later time.”

The organizer added that it “will also consult to retirement from the outdated organizational directives, such as the guidelines of mature mortgage only,” adding that this is intertwined with its new rules from the consumer that require financial institutions to ensure that they deal with customers fairly.

“Protection and lending will remain basic principles” in any rewriting mortgage rules, but added that “behavior and a firm culture is now stronger.”