First step on the ladder: Could the Financial Conduct Authority (FCA) mortgage changes help you up?

Buying your first home has become increasingly challenging. Deposits are harder to save for, borrowing power hasn’t always kept pace with property prices and affordability rules can feel restrictive.

The FCA review recognises this and is exploring rule changes in 2026/27 designed to make the market more accessible for responsible first‑time buyers.

Why change is needed

House prices have grown faster than incomes, making saving and borrowing harder. Meanwhile, lenders have remained cautious. The FCA believes that while protection remains essential, rules should not unnecessarily block people who can afford a mortgage, even if they’ve never had one before.

Key developments being explored include greater flexibility around loan‑to‑income (LTI) caps and recognition of rental history to help evidence affordability. Many renters successfully manage payments equal to or sometimes higher than a mortgage every month, and stronger recognition of this could really help more people onto the property ladder sooner.

What first-time buyers should do now:

•       Make sure any rent payments are up to date and paid consistently.

•       Strengthen your credit profile.

•       Reduce unnecessary borrowing.

•       Start gathering income evidence early.

•       Speak to an adviser to consider opportunities.

This rules review shows real positive momentum toward making the system fairer for more people. Speaking to an adviser and preparing early could help you take advantage of the changes when reforms arrive.

Sources and further reading

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

Approved by The Openwork Partnership on 21/01/2026

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