In recent years, the Financial Conduct Authority (FCA) has been urging the inclusion of less efficient properties in the market. This is part of the FCA’s efforts to ensure that the market is fair and accessible to all.
The FCA is concerned that the market is becoming increasingly dominated by large, efficient properties. This can lead to a situation where smaller, less efficient properties are unable to compete, leading to a lack of competition and higher prices for consumers.
To address this issue, the FCA has proposed a number of measures. These include increasing the availability of finance for smaller, less efficient properties, as well as encouraging lenders to consider these properties when assessing loan applications. The FCA has also proposed that lenders should provide more detailed information on the costs associated with different types of properties, so that consumers can make more informed decisions.
The FCA’s efforts to promote the inclusion of less efficient properties in the market have been welcomed by many in the industry. It is hoped that these measures will help to create a more competitive market, which will benefit both buyers and sellers.
In addition to these measures, the FCA has also been encouraging lenders to consider alternative forms of financing for these properties. This includes providing finance for refurbishment projects, as well as providing finance for new builds. These measures are designed to make it easier for buyers to access finance for less efficient properties, which could help to increase competition in the market.
Overall, the FCA’s efforts to promote the inclusion of less efficient properties in the market are a positive step forward. By increasing competition and providing more options for buyers, it is hoped that this will help to create a fairer and more accessible market for all.