What type of mortgages are not regulated by the FCA?

Michael Solomich
September 29, 2022
3:56 pm

There are a number of different types of mortgages available in the UK, and each one is subject to different regulation. The Financial Conduct Authority (FCA) is responsible for regulating home purchase mortgages and remortgages, but there are other types of mortgages that are not subject to their oversight. Buy-to-let mortgages, for example, are not regulated by the FCA. This means that lenders are not required to follow the same rules and standards when offering these products. As a result, it is important to carefully research any buy-to-let mortgage before applying. Similarly, bridging finance is also not subject to FCA regulation. This type of funding is typically used to finance the purchase of a property before long-term financing can be arranged. Again, this lack of regulation means that borrowers need to be extra vigilant when considering this type of product.

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