The FCA is giving advanced warning to mortgage lenders to treat lenders fairly if the base rate goes up (do they know something we don't). Whilst interest rates remain low the "Zombie households" have managed to survive the effects of the steep increase in the cost of living outstripping the feeble rise in wages. The implication being that if the base rate (and therefore the monthly mortgage payments for those not currently within a fixed deal) rises a lot of people will be in financial trouble and will fall into mortgage arrears so the FCA has asked the banks to then treat those ("Zombie") people "fairly".

http://www.ftadviser.com/2014/02/25/...O/article.html