FCA has spoken on changes in mortgage markets. Jonathan Davidson spoke on the likely effects not only of known changes, like the SMR and implementation of the MCD, but also of changes firms will need to assess how to address. He mentioned in particular the ageing population and how people now view mortgages and their homes, which presents a different challenge to the former model of a standard length mortgage that borrowers would aim to pay off before retirement. (Source: FCA Speaks on Mortgage Changes)