Accord will now lend up to 5.5 times income to first-time buyers at 95% LTV.

The regulators say cutting senior manager regime red tape will help to boost growth.

The changes aim to lower costs for businesses raising capital in support of growth.

The move is expected to support an additional 10,000 first-time buyers each year.

The regulator says ‘older people may not know about the full range of options available to them as they approach retirement’.

The regulator has also removed 1,600 websites promoting financial services without permission.

Patrick Bamford, head of international business development at Qualis Credit Risk, explores the FCA's recent Discussion Paper on improving access to first-time buyer mortgages.

High LTI lending by individual lenders can now exceed 15% of their total number of new residential mortgages.

Consumers welcome targeted support’s potential to provide more relevant help with retirement income decisions.

The survey was sent last week by the FCA to all firms with advisers who undertake investment activities.