In January, the Financial Conduct Authority (FCA) said it is looking into simplifying mortgage rules, which could help home buyers to secure a property.
Many lenders signed up to the charter to help borrowers struggling with their repayments amid the higher mortgage rate environment, although banks and building societies were already offering various forms of support.
The regulator has also said it would work with the Government to remove “overlapping standards” such as the Mortgage Charter.
The Government said it wants the FCA review to be as ambitious and rapid as possible to help people achieve homeownership.
The Economic Secretary to the Treasury has written to the City regulator setting out the Government’s support for its proposal to review mortgage rules.
