FCA has published a modification by consent concerning hybrid lifetime mortgages and changes to product disclosure rules in chapter 9 of the Mortgages and Home Finance Conduct of Business sourcebook (MCOB). The modification disapplies the requirement to carry out an affordability assessment where interest payments are anticipated or required, providing that the specific lifetime mortgage allows the consumer to exercise at any time an option to convert the product to interest roll-up. (Source: FCA makes modification by consent for a hybrid lifetime mortgage)