HM Treasury published the Mortgage Charter 2026, setting out standards participating lenders will follow when supporting customers and committing signatories to offer borrowers additional short-term flexibilities to help manage mortgage payments. The Charter is positioned as a response to borrower concerns about rising mortgage rates following recent global market volatility, particularly for customers reaching the end of a fixed-rate deal. It follows a meeting between the Chancellor, UK Finance and lenders representing 75% of the UK mortgage market to discuss the outlook for mortgage rates in light of the conflict in Iran and the practical support available to borrowers, after which lenders reaffirmed their commitment to the Mortgage Charter.
HM Treasury 2026-03-26
United Kingdom's HM Treasury publishes Mortgage Charter 2026 as lenders commit to short-term mortgage payment flexibilities
HM Treasury released the Mortgage Charter 2026, outlining standards for lenders to support customers with short-term flexibilities in managing mortgage payments. This initiative addresses borrower concerns over rising mortgage rates amid global market volatility, particularly for those nearing the end of fixed-rate deals. The Charter follows discussions between the Chancellor, UK Finance, and lenders covering 75% of the UK mortgage market.