FCA has finalised its guidance to firms on how they should treat interest-only mortgage customers who risk being unable to repay their mortgage at the end of the term. The guidance recognises that customers are responsible for ensuring they can repay, but requires firms to have in place various governance measures to help them treat customers fairly. This includes a written strategy, having management information to help them assess customer needs and considering options customers might benefit from. It also recommends early and frequent communication with customers. (Source: FCA Finalises Interest-Only Mortgage Repayment Guidance)