The Housing Finance System

Text bolded/green below shows notes and variable definitions when you roll over. If you cannot see the notes, please download an Excel version from the Research Center, which includes notes. Also, a PDF featuring variable definitions is available in the document list under "Definition of Hofinet Variables".

 

A. Primary Housing Finance Market

A.1 Industry Structure and Performance
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of firms originating and funding mortgage loans  144
Product Sales Data (PSD) Mortgage Trends by Financial Services Authority
A.1.1
Types of originating lenders/market share:A.1.2
Universal/ commercial banks65.2% of total65.3% of total68.2% of totalA.1.2.1
Other depository institutions (savings and loans/mutual savings and credit institutions)25.6% of total25.6% of total21.2% of totalA.1.2.2
Non-depository financial institutions specialized in housing finance8.38% of total8.17% of total7.48% of total
Country Editor: Bank of England
A.1.2.3
General non-depository financial institutions0% of total0% of total0% of total
Country Editor
A.1.2.4
Others (e.g. insurance co, pension funds, labor tax funds).82% of total.92% of total2.51% of total
Country Editor: Bank of England
A.1.2.5
Identify the 3 largest loan originating lendersLloyds Banking Group, Santander, Nationwide BSLloyds Banking Group, Santander, Nationwide Building SocietyLloyds Banking Group, Santander, Nationwide BS
Country Editor: Council of Mortgage Lenders
A.1.3
Are there (quasi) public mortgage lenders:YesYesYesA.1.4
Universal/ commercial banksYesYesYesA.1.4.1
Other depository institutions (savings and loans/mutual savings and credit institutions)NoNoNo
Country Editor
A.1.4.2
Non-depository financial institutions specialized in housing financeNoNoNo
Country Editor
A.1.4.3
General non-depository financial institutionsNoNoNo
Country Editor
A.1.4.4
Others (e.g. insurance co, pension funds, labor tax funds)NoNoNo
Country Editor
A.1.4.5
Typical lending spreads for mortgages2.21%2.42%2.85%
Country Editor
A.1.5
Level of Non-Performing Mortgage Loans (90 days or more past due):A.1.6
as a % of # of loans1.12%1.3%1.68%
Country Editor
A.1.6.1
as a % of outstanding loan amount  2.21%
Financial Services Authority
A.1.6.2
Average 1997-2007 A.1.7
as a % of # of loans 1.35%1.35%1.34%
Country Editor
A.1.7.1
as a % of outstanding loan amount   .03%
Financial Services Authority
A.1.7.2
Lowest decile of the income distribution served by the dominant mortgage lenders  1 decile
CCHPR's estimate based on Family Resources Survey (FRS) produced by the Department for Work and Pensions
A.1.8
A.2 Size of Mortgage Finance Sector
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total amount of home mortgage loans outstanding at the end of year in millions of USD:1,907,579 USD (millions)1,959,345 USD (millions)2,036,645 USD (millions)
Country Editor: Bank of England
A.2.1
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)68.32%68.91%71.09%
Country Editor: Bank of England
A.2.1.1
and as % of all credits outstanding  53.9%
WDI Net Domestic Credit
A.2.1.2
Total # of home mortgage loans outstanding at the end of year11,129 thousand11,147 thousand11,186 thousand
Country Editor
A.2.2
Total amount of home mortgages made in calender year in millions of USD328,060 USD (millions)317,161 USD (millions)292,472 USD (millions)
Country Editor: Council of Mortgage Lenders - https://www.cml.org.uk/news/press-releases/4191/
A.2.3
and as % of GDP (current) 11.51%10.6%10.78%
Country Editor: Council of Mortgage Lenders - https://www.cml.org.uk/news/press-releases/4191/
A.2.3.1
and as % of all credits originated in calender year51.39%52.68%53.76%
Country Editor
A.2.3.2
Total # of home mortgage originations made in calender year1,019,200 thousand972,800 thousand931,500 thousandA.2.4
What % of total new mortgages is refinance?25.11%22.33%25.39%A.2.5
A.3 Housing Finance Products
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Mortgage products as % of all mortgages (approx.) in local currency:A.3.1
Fixed rate for life of loan89%90%86%
Country Editor
A.3.1.1
Variable rate/indexed8%5%8%
Country Editor
A.3.1.2
Variable rate/discretionary1%5%5%
Country Editor
A.3.1.3
Other fully amortizing loans (e.g. Rollover).8%.8%.8%
Country Editor
A.3.1.4
Non-fully amoritizing loans (e.g. Price level adjusted/Interest only) .2%.2%.2%
Country Editor
A.3.1.5
Loans based on foreign currency as % of all mortgage products.1%.1%.1%
Country Editor
A.3.2
Most prevalent type of foreign currency mortgage used:A.3.3
Most frequent interest rates on fully amortizing:A.3.4
10 year fixed rate mortgage4.13%4.12%4.46%
Country Editor
A.3.4.1
most common indexed ARM/10 year term  3.5%
Country Editor
A.3.4.2
discretionary ARM/10 year term  5.19%
Country Editor
A.3.4.3
5 year roll-over/10 year term3.22%3.93%4.03%
Country Editor
A.3.4.4
Most frequent rate on interest only 10 yr FRM  4.64%
Council of Mortgage lenders
A.3.5
Typical lender fees associated with mortgage origination: A.3.6
Fixed in amount 1,470.77 USD  320 USD
Country Editor
A.3.6.1
as % of loan amount.45% .2%
Country Editor
A.3.6.2
Typical third party fees associated with mortgage origination:A.3.7
Appraisal fees735.38 USD  600 USD
Country Editor
A.3.7.1
Title related fees215.38 USD  448 USD
Country Editor
A.3.7.2
Legal fees923.07 USD  520 USD
Country Editor
A.3.7.3
Search fees307.69 USD  208 USD
Country Editor
A.3.7.4
Loan-to-Value (LTV) on first mortgage: A.3.8
Maximum LTV959595
Country Editor
A.3.8.1
Typical LTV at origination767575
Country Editor
A.3.8.2
Maximum term over which pmt is calculated? 35 years35 years35 years
Country Editor
A.3.9
Mortgage pmt-to-income ratio A.3.10
Maximum pmt-to-income ratio (HH income)  Not available
 
A.3.10.1
Typical pmt-to-income ratio (HH income)  Not available
 
A.3.10.3
A.4 Lending and Servicing Process
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Does the mortgage industry use standard principles/guidelines for underwriting?YesYesYesA.4.1
Which institutions define underwriting rules? A.4.2
Central Bank/Ministry of FinanceYesYesYesA.4.2.1
Secondary market facilityYesYesYesA.4.2.2
Major LenderYesYesYes
Country Editor
A.4.2.3
OtherYesYesYesA.4.2.4
Are loan originations conducted by others than employees of lenders?YesYesYes
Country Editor
A.4.3
% of Originations done by brokers66.42%59.89%53.4%
Country Editor
A.4.3.1
% of appraisals done by employees of lenders  75%
Council of Mortgage Lenders
A.4.4
Do third party servicing institutions exist? YesYesYes
Country Editor
A.4.5
% of loans serviced by originators/lenders  49.4%
Financial Services Authority - "Product Sales Data (PSD) Mortgage Trends"
A.4.6
A.5 Credit Risk Assessment
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Do credit bureaus exist? YesYesYes
Country Editor
A.5.2
Are there legal/regulatory constraints to gaining access to credit information?YesYesYes
Country Editor
A.5.2.1
Is mortgage default insurance available?YesYesYes
Country Editor
A.5.3
When did it begin operating?many years since 20th centurymany years since 20th centurymany years since 20th century
Country Editor
A.5.3.1
What is the typical MI product?Mortgage indemnity guarantee (MIG). A MIG is an insurance policy which covers the lender if a borrower default on the mortgage. It is sometimes called a mortgage insurance premium (MIP). If a borrower is borrowing 90% or more of the value of the property, the lender may insist that a borrower takes out a MIG.as 2015as 2015
Shelter England
A.5.3.2
Number of private mortgage insurers  1
Editor
A.5.3.3
Are credit guarantee systems used? YesYesYes
Country Editor
A.5.4
Is there public sponsored MI / guarantee?YesYesYesA.5.5
What % of the market does public MI / guarantee serve?2.29%2.79% 
Country Editor
A.5.6
What share of total annual mortgage production is insured/guaranteed?   1%
Editor
A.5.7
B. Funding Sources for Mortgages and the Secondary Mortgage Market
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What are the main funding sources for mortgages?B.1
Retail funding (deposits/other)primaryprimaryprimaryB.1.1
Funding through mortgage bonds tertiarytertiarytertiaryB.1.3
Funding through securitization of mortgagessecondarysecondarysecondaryB.1.4
What % of Residential Mortgage Backed Securities is issued by centralized conduit or liquidity facility? 100%100%100%
Country Editor
B.2
Who are the investors in RMBS?Domestic and international investment bankers at UK (and foreign, namely US & Europe) RMBS marketDomestic and international investment bankers at UK (and foreign, namely US & Europe) RMBS marketDomestic and international investment bankers at UK (and foreign, namely US & Europe) RMBS market
Country Editor
B.3
C. Housing Microfinance
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are non-collateralized housing micro-finance loans offered? NoNoNo
Country Editor
C.1
Types of lenders operating in the housing micro-finance (HMF) sector:C.2
Commercial banks  No
Editor
C.2.1
Specialized non-depository MFIs   No
Editor
C.2.2
NGOs  No
Editor
C.2.3
Others  No
Editor
C.2.4
Level of NPLs (>90 days past due) in HMFC.4
Are non-collateralized but secured housing finance products offered (e.g. secured by pension or insurance savings)NoNoNo
Country Editor
C.5
back to top | Country Data:
Notes: "As a customer's right in ""Mortgages: Conduct of Business"" issued by Financial services Authority"
Notes: "As a customer's right in ""Mortgages: Conduct of Business"" issued by Financial services Authority"
Notes: "As a customer's right in ""Mortgages: Conduct of Business"" issued by Financial services Authority"
Notes: "Support for Mortgage Interest; if a mortgage borrower is getting: •Income Support •income-based Jobseeker’s Allowance •income-related Employment and Support Allowance •Pension Credit (The primary aim of the Support for Mortgage Interest policy is to provide support for homeowners at risk of repossession.)"
Notes: "Support for Mortgage Interest; if a mortgage borrower is getting: •Income Support •income-based Jobseeker’s Allowance •income-related Employment and Support Allowance •Pension Credit (The primary aim of the Support for Mortgage Interest policy is to provide support for homeowners at risk of repossession.)"
Notes: "Support for Mortgage Interest; if a mortgage borrower is getting: •Income Support •income-based Jobseeker’s Allowance •income-related Employment and Support Allowance •Pension Credit (The primary aim of the Support for Mortgage Interest policy is to provide support for homeowners at risk of repossession.)"
Notes: "The UK has not needed to introduce specific secularization laws, as Firms can securities mortgages under the existing UK legal framework." (Financial Services Authority, 2007)
Notes: "The UK has not needed to introduce specific secularization laws, as Firms can securities mortgages under the existing UK legal framework." (Financial Services Authority, 2007)
Notes: "The UK has not needed to introduce specific secularization laws, as Firms can securities mortgages under the existing UK legal framework." (Financial Services Authority, 2007)
Notes: 90 percentile of the ratio. Other notes, see 3.10.3
Notes: 90 percentile of the ratio. Other notes, see 3.10.3
Notes: A very small proportion of Uk market<1% almost none of which are interest only. Modal rates on IO look similar to 10 year products and these are given
Notes: A very small proportion of Uk market<1% almost none of which are interest only. Modal rates on IO look similar to 10 year products and these are given
Notes: A very small proportion of Uk market<1% almost none of which are interest only. Modal rates on IO look similar to 10 year products and these are given
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Data Protection Act helps to protect your interests by obliging organizations to manage the information they hold in a proper way. It states that anyone who processes personal information must comply with eight principles, which make sure that it is: •fairly and lawfully processed; •processed for limited purposes; •adequate, relevant and not excessive; •accurate and up to date; •not kept for longer than is necessary; •processed in line with your rights; •secure; and •not transferred to other countries without adequate protection.
Notes: Data Protection Act helps to protect your interests by obliging organizations to manage the information they hold in a proper way. It states that anyone who processes personal information must comply with eight principles, which make sure that it is: •fairly and lawfully processed; •processed for limited purposes; •adequate, relevant and not excessive; •accurate and up to date; •not kept for longer than is necessary; •processed in line with your rights; •secure; and •not transferred to other countries without adequate protection.
Notes: Data Protection Act helps to protect your interests by obliging organizations to manage the information they hold in a proper way. It states that anyone who processes personal information must comply with eight principles, which make sure that it is: •fairly and lawfully processed; •processed for limited purposes; •adequate, relevant and not excessive; •accurate and up to date; •not kept for longer than is necessary; •processed in line with your rights; •secure; and •not transferred to other countries without adequate protection.
Notes: England only.city center: the area around the core of a large city. other urban center: the area around towns and small cities, and also older urban areas which have been swallowed up by a metropolis.
Notes: England only.city center: the area around the core of a large city. other urban center: the area around towns and small cities, and also older urban areas which have been swallowed up by a metropolis.
Notes: Estimated from financial statistics about the mutual lenders and deposit takers sector, including building societies: deposit from individuals
Notes: Estimated from financial statistics about the mutual lenders and deposit takers sector, including building societies: deposit from individuals
Notes: Estimated from financial statistics about the mutual lenders and deposit takers sector, including building societies: deposit from individuals
Notes: Financial Services Authority; Financial Stability Board (succeeded to Financial Stability Forum in April 2009)
Notes: Financial Services Authority; Financial Stability Board (succeeded to Financial Stability Forum in April 2009)
Notes: Financial Services Authority; Financial Stability Board (succeeded to Financial Stability Forum in April 2009)
Notes: Financial Services Authority; Financial Stability Board (succeeded to Financial Stability Forum in April 2009)
Notes: Gross (pre-tax) household income. London only.
Notes: Gross (pre-tax) household income. London only.
Notes: Homeowners mortgage support scheme started in April 2009.
Notes: In the jurisdiction of Property Law. (Consumer Credit Act 2006 and Financial Services and Markets Act are highly relevant.)
Notes: Land Registry fee rose to £280 (for £200,001 - £500,000) in July 2009
Notes: Land Registry fee rose to £280 (for £200,001 - £500,000) in July 2009
Notes: Land Registry fee rose to £280 (for £200,001 - £500,000) in July 2009
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Normally more than this value
Notes: Normally more than this value
Notes: Normally more than this value
Notes: Payment: Sum of interest, capital repayment and mortgage protection premium. Income: income and allowances
Notes: Payment: Sum of interest, capital repayment and mortgage protection premium. Income: income and allowances
Notes: Pension Credit Guarantee Credit could be given to elderly people who have certain housing costs, such as mortgage interest payments.
Notes: Rent to HomeBuy
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Subsidy for ailing banks/building societies
Notes: Subsidy for ailing banks/building societies
Notes: Subsidy for ailing banks/building societies
Notes: Tax free policy for mortgage payment protection insurance
Notes: Tax free policy for mortgage payment protection insurance
Notes: The lowest quartile
Notes: The lowest quartile
Notes: The national income distribution figures are used. This is this lowest income level of any type of adult (i.e., not income of a household).
Notes: The national income distribution figures are used. This is this lowest income level of any type of adult (i.e., not income of a household).
Notes: The Scottish Government has launched a mortgage indemnity scheme to help more first-time buyers get on the property ladder since 29 June 2011.
Notes: The Scottish Government has launched a mortgage indemnity scheme to help more first-time buyers get on the property ladder since 29 June 2011.
Notes: The Scottish Government has launched a mortgage indemnity scheme to help more first-time buyers get on the property ladder since 29 June 2011.
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester. Values are approximate.
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester. Values are approximate.
Notes: Trivial. "Very few people know that it is possible to obtain a foreign currency mortgage for UK residential properties (http://www.internationalmortgagebrokers.co.uk/foreign-currency-mortgages/foreign-currency-mortgages.html)"
Notes: Trivial. "Very few people know that it is possible to obtain a foreign currency mortgage for UK residential properties (http://www.internationalmortgagebrokers.co.uk/foreign-currency-mortgages/foreign-currency-mortgages.html)"
Notes: Trivial. "Very few people know that it is possible to obtain a foreign currency mortgage for UK residential properties (http://www.internationalmortgagebrokers.co.uk/foreign-currency-mortgages/foreign-currency-mortgages.html)"
Notes: Values are typically <90%
Notes: Values are typically <90%
Notes: Values are typically <90%
Notes:
Notes:
Notes:
Notes:
Notes:
Notes:
Notes:
Notes: "As a customer's right in ""Mortgages: Conduct of Business"" issued by Financial services Authority"
Notes: "As a customer's right in ""Mortgages: Conduct of Business"" issued by Financial services Authority"
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house "
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house "
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house "
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house "
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house"
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house"
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house"
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house"
Notes: "For selling, You do not have to pay tax as long as: •you bought it, and incurred any expenditure on it, primarily to use it as your home rather than with a view to making a profit on its sale •the property was your only home throughout the period you owned it (ignoring the last three years of ownership) •you did actually use it as your home all the time that you owned it and, throughout that period, you did not use it for any purpose other than as a home for yourself, your family and no more than one lodger •the garden and area of grounds sold with it does not exceed 5,000 square metres (about one and a quarter acres) including the site of the house"
Notes: "Support for Mortgage Interest; if a mortgage borrower is getting: •Income Support •income-based Jobseeker’s Allowance •income-related Employment and Support Allowance •Pension Credit (The primary aim of the Support for Mortgage Interest policy is to provide support for homeowners at risk of repossession.)"
Notes: "Support for Mortgage Interest; if a mortgage borrower is getting: •Income Support •income-based Jobseeker’s Allowance •income-related Employment and Support Allowance •Pension Credit (The primary aim of the Support for Mortgage Interest policy is to provide support for homeowners at risk of repossession.)"
Notes: "The fees themselves vary considerably between lenders and depend on the size of the property; they usually start from around £200." (rightmove.co.uk)
Notes: "The fees themselves vary considerably between lenders and depend on the size of the property; they usually start from around £200." (rightmove.co.uk)
Notes: "The UK has not needed to introduce specific secularization laws, as Firms can securities mortgages under the existing UK legal framework." (Financial Services Authority, 2007)
Notes: "The UK has not needed to introduce specific secularization laws, as Firms can securities mortgages under the existing UK legal framework." (Financial Services Authority, 2007)
Notes: % of mortgage book for building societies. Simple average of 4thQ figures of 2001 to 2006.
Notes: 2010 = 100
Notes: 90 percentile of the ratio. Other notes, see 3.10.3
Notes: A very small proportion of Uk market<1% almost none of which are interest only. Modal rates on IO look similar to 10 year products and these are given
Notes: A very small proportion of Uk market<1% almost none of which are interest only. Modal rates on IO look similar to 10 year products and these are given
Notes: Bank of England Consolidated Market Notice: Special Liquidity Scheme
Notes: Bank of England Consolidated Market Notice: Special Liquidity Scheme
Notes: Bank of England Consolidated Market Notice: Special Liquidity Scheme
Notes: Bank of England Consolidated Market Notice: Special Liquidity Scheme
Notes: Bank of England Consolidated Market Notice: Special Liquidity Scheme
Notes: Bank of England Consolidated Market Notice: Special Liquidity Scheme
Notes: Consumer Credit Act abolished a statutory ceiling
Notes: Consumer Credit Act abolished a statutory ceiling
Notes: Consumer Credit Act abolished a statutory ceiling
Notes: Consumer Credit Act abolished a statutory ceiling
Notes: Consumer Credit Act abolished a statutory ceiling
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Council Tax has a disproportionate impact on renters. Housing benefit for renters is not in a form of tax benefits.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Council Tax is tax on residential property, regardless of ownership; that is, renters also have to pay for their homes.
Notes: Currently the Financial Services Authority does not place a ceiling.
Notes: Currently the Financial Services Authority does not place a ceiling.
Notes: Currently the Financial Services Authority does not place a ceiling.
Notes: Currently the Financial Services Authority does not place a ceiling.
Notes: Currently the Financial Services Authority does not place a ceiling.
Notes: Data for England only
Notes: Data for England only
Notes: Data for England only
Notes: Data for England only
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national home ownership rate
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data for national rates, not urban areas
Notes: Data in Square Meters for England only
Notes: Data in Square Meters for England only
Notes: Data in Square Meters for England only
Notes: Data in Square Meters for England only
Notes: Data Protection Act helps to protect your interests by obliging organizations to manage the information they hold in a proper way. It states that anyone who processes personal information must comply with eight principles, which make sure that it is: •fairly and lawfully processed; •processed for limited purposes; •adequate, relevant and not excessive; •accurate and up to date; •not kept for longer than is necessary; •processed in line with your rights; •secure; and •not transferred to other countries without adequate protection.
Notes: Data Protection Act helps to protect your interests by obliging organizations to manage the information they hold in a proper way. It states that anyone who processes personal information must comply with eight principles, which make sure that it is: •fairly and lawfully processed; •processed for limited purposes; •adequate, relevant and not excessive; •accurate and up to date; •not kept for longer than is necessary; •processed in line with your rights; •secure; and •not transferred to other countries without adequate protection.
Notes: England only. (Failure % of Decent Home Standard)
Notes: England only. (Failure % of Decent Home Standard)
Notes: England only. (Failure % of Decent Home Standard)
Notes: England only. (Failure % of Decent Home Standard)
Notes: England only. Substandard housing is residential property that is not up to the local building or housing code
Notes: England only. Substandard housing is residential property that is not up to the local building or housing code
Notes: England only. Substandard housing is residential property that is not up to the local building or housing code
Notes: England only. Substandard housing is residential property that is not up to the local building or housing code
Notes: England only.city center: the area around the core of a large city. other urban center: the area around towns and small cities, and also older urban areas which have been swallowed up by a metropolis.
Notes: England only.city center: the area around the core of a large city. other urban center: the area around towns and small cities, and also older urban areas which have been swallowed up by a metropolis.
Notes: Estimated by ratio of owner occupiers with mortgages to all owner occupiers in London
Notes: Estimated from financial statistics about the mutual lenders and deposit takers sector, including building societies: deposit from individuals
Notes: Estimated from financial statistics about the mutual lenders and deposit takers sector. Primary funding source is securitization, some mortgage bonds and other market funding.
Notes: Estimated from financial statistics about the mutual lenders and deposit takers sector. This part includes securitization, some mortgage bonds and other market funding.
Notes: Estimated from financial statistics about the mutual lenders and deposit takers sector. This part includes securitization, some mortgage bonds and other market funding.
Notes: Estimated from financial statistics about the mutual lenders and deposit takers sector. This part includes securitization, some mortgage bonds and other market funding.
Notes: Financial Services Authority; Financial Stability Board (succeeded to Financial Stability Forum in April 2009)
Notes: Gross (pre-tax) household income. London only.
Notes: Gross (pre-tax) household income. London only.
Notes: Gross (pre-tax) household income. London only.
Notes: Homebuyer's report costs £250 -£500. ( For more comprehensive survey such as building structure survey, the fee is £1000 plus.)
Notes: Homebuyer's report costs £250 -£500. ( For more comprehensive survey such as building structure survey, the fee is £1000 plus.)
Notes: Homeowners mortgage support scheme started in April 2009.
Notes: Homeowners mortgage support scheme started in April 2009.
Notes: However, lenders must act within a statutory regime for regulating mortgages Mortgage Conduct of Business set by the Financial Services Authority in October 2004.
Notes: However, lenders must act within a statutory regime for regulating mortgages Mortgage Conduct of Business set by the Financial Services Authority in October 2004.
Notes: However, lenders must act within a statutory regime for regulating mortgages Mortgage Conduct of Business set by the Financial Services Authority in October 2004.
Notes: However, lenders must act within a statutory regime for regulating mortgages Mortgage Conduct of Business set by the Financial Services Authority in October 2004.
Notes: However, lenders must act within a statutory regime for regulating mortgages Mortgage Conduct of Business set by the Financial Services Authority in October 2004.
Notes: In 2010, Bradford & Bingley's "mortgage side" and Northern Bank's "bad bank side" merged to form Northern Rock Asset Management (NRAM). NRAM is still under government ownereship (in 2016).
Notes: In 2010, Bradford & Bingley's "mortgage side" and Northern Bank's "bad bank side" merged to form Northern Rock Asset Management (NRAM). NRAM is still under government ownereship (in 2016).
Notes: In the jurisdiction of Property Law. (Consumer Credit Act 2006 and Financial Services and Markets Act are highly relevant.)
Notes: In the jurisdiction of Property Law. (Consumer Credit Act 2006 and Financial Services and Markets Act are highly relevant.)
Notes: In the jurisdiction of Property Law. (Consumer Credit Act 2006 and Financial Services and Markets Act are highly relevant.)
Notes: In the jurisdiction of Property Law. (Consumer Credit Act 2006 and Financial Services and Markets Act are highly relevant.)
Notes: In the UK all formal transactions are registered with the Land Registry or equivalent organisation
Notes: In the UK all formal transactions are registered with the Land Registry or equivalent organisation
Notes: In the UK all formal transactions are registered with the Land Registry or equivalent organisation
Notes: In the UK all formal transactions are registered with the Land Registry or equivalent organization
Notes: Inner London data. The assumption: a. House sizes between 100-280m2; b. standard quality; c. including a garage (one car with a flat roof); d. traditional brick/block.
Notes: Inner London data. The assumption: a. House sizes between 100-280m2; b. standard quality; c. including a garage (one car with a flat roof); d. traditional brick/block.
Notes: Land Registry fee rose to £280 (for £200,001 - £500,000) in July 2009
Notes: Land Registry fee rose to £280 (for £200,001 - £500,000) in July 2009. Next fee change was 22 October 2012.
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Legal system is well organised for lines. However, local governments has Mortgage Rescue Scheme or Repossession Prevention Scheme to protect borrowers.
Notes: Local authority search fee (£60) and other search fee (£70).
Notes: Local authority search fee (£60) and other search fee (£70).
Notes: London. Ratio of median house price to median earnings
Notes: London. Ratio of median house price to median earnings
Notes: London. Ratio of median house price to median earnings
Notes: London. Ratio of median house price to median earnings
Notes: London. Ratio of median house price to median earnings. The 2011 ratio is provisional.
Notes: Mortgage interest relief was withdrawn in April 2000
Notes: Mortgage interest relief was withdrawn in April 2000
Notes: Mortgage interest relief was withdrawn in April 2000
Notes: Mortgage interest relief was withdrawn in April 2000
Notes: Mortgage interest relief was withdrawn in April 2000
Notes: National data is not available. Generally speaking, national prices/indices on property market have proxy to those in the South West region. For reference, thus, the region's figure is set out. The assumption: a. House sizes between 100-280m2; b. standard quality; c. including a garage (one car with a flat roof); d. traditional brick/block. This approximate price does not include Value added tax, cost of buying a building plot, professional fees & legal charges and Insurances & the cost of borrowing.
Notes: National data is not available. Generally speaking, national prices/indices on property market have proxy to those in the South West region. For reference, thus, the region's figure is set out. The assumption: a. House sizes between 100-280m2; b. standard quality; c. including a garage (one car with a flat roof); d. traditional brick/block. This approximate price does not include Value added tax, cost of buying a building plot, professional fees & legal charges and Insurances & the cost of borrowing.
Notes: Normally more than this value
Notes: Normally more than this value
Notes: Numerator: # of customers receiving Support for Mortgage Interest (for 2011, as at Feb/12; for 2009 as at Nov/09); Denominator: # of mortgage loan accounts in (Q1/12 and Q4/09 respectively).
Notes: Numerator: # of customers receiving Support for Mortgage Interest as at November 2009; Denominator: # of mortgage loan accounts in Q4 2009.
Notes: On 24 November 2008 the then Government announced a series of measures designed to assist homeowners during the financial crisis, one of which stated: Agreement with major lenders to wait at least three months before initiating repossession proceedings, in order to explore all other alternatives. The Government has also welcomed the commitment by lenders to look at all possible options to prevent repossession, such as reducing payments and mortgage rescue schemes.
Notes: On 24 November 2008 the then Government announced a series of measures designed to assist homeowners during the financial crisis, one of which stated: Agreement with major lenders to wait at least three months before initiating repossession proceedings, in order to explore all other alternatives. The Government has also welcomed the commitment by lenders to look at all possible options to prevent repossession, such as reducing payments and mortgage rescue schemes.
Notes: On 24 November 2008 the then Government announced a series of measures designed to assist homeowners during the financial crisis, one of which stated: Agreement with major lenders to wait at least three months before initiating repossession proceedings, in order to explore all other alternatives. The Government has also welcomed the commitment by lenders to look at all possible options to prevent repossession, such as reducing payments and mortgage rescue schemes.
Notes: On 24 November 2008 the then Government announced a series of measures designed to assist homeowners during the financial crisis, one of which stated: Agreement with major lenders to wait at least three months before initiating repossession proceedings, in order to explore all other alternatives. The Government has also welcomed the commitment by lenders to look at all possible options to prevent repossession, such as reducing payments and mortgage rescue schemes.
Notes: On an aggregate level, regulation came into effect in October 2014 restricting lenders from writing more than 15% of their business above 4.5x loan-to-income
Notes: On an aggregate level, regulation came into effect in October 2014 restricting lenders from writing more than 15% of their business above 4.5x loan-to-income
Notes: Outer London data. The assumption: a. House sizes between 100-280m2; b. standard quality; c. including a garage (one car with a flat roof); d. traditional brick/block.
Notes: Outer London data. The assumption: a. House sizes between 100-280m2; b. standard quality; c. including a garage (one car with a flat roof); d. traditional brick/block.
Notes: Payment: Sum of interest, capital repayment and mortgage protection premium. Income: income and allowances
Notes: Pension Credit Guarantee Credit could be given to elderly people who have certain housing costs, such as mortgage interest payments.
Notes: Pension Credit Guarantee Credit could be given to elderly people who have certain housing costs, such as mortgage interest payments.
Notes: Pension Credit Guarantee Credit could be given to elderly people who have certain housing costs, such as mortgage interest payments.
Notes: Provider Firms
Notes: Provider Firms
Notes: Provider Firms
Notes: Provider Firms
Notes: Provider Firms
Notes: Public housing that is owned and operated by State or local government. Social rental housing that is supported but not owned by government, with the agreement that criteria are fulfilled on rent levels
Notes: Public housing that is owned and operated by State or local government. Social rental housing that is supported but not owned by government, with the agreement that criteria are fulfilled on rent levels
Notes: Public housing that is owned and operated by State or local government. Social rental housing that is supported but not owned by government, with the agreement that criteria are fulfilled on rent levels
Notes: Public housing that is owned and operated by State or local government. Social rental housing that is supported but not owned by government, with the agreement that criteria are fulfilled on rent levels
Notes: Public housing that is owned and operated by State or local government. Social rental housing that is supported but not owned by government, with the agreement that criteria are fulfilled on rent levels
Notes: Public housing that is owned and operated by State or local government. Social rental housing that is supported but not owned by government, with the agreement that criteria are fulfilled on rent levels
Notes: Public housing that is owned and operated by State or local government. Social rental housing that is supported but not owned by government, with the agreement that criteria are fulfilled on rent levels
Notes: Public housing that is owned and operated by State or local government. Social rental housing that is supported but not owned by government, with the agreement that criteria are fulfilled on rent levels
Notes: Rent to HomeBuy
Notes: Rent to HomeBuy
Notes: Rent to HomeBuy
Notes: Rent to HomeBuy
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Several shared ownership scheme other than Rent to HomeBuy; and Mortgage Interest Run On (MIRO) -- four weeks of money you can get towards paying your housing costs
Notes: Subsidy for ailing banks/building societies
Notes: Subsidy for ailing banks/building societies
Notes: Subsidy for ailing banks/building societies
Notes: Tax free policy for mortgage payment protection insurance
Notes: Tax free policy for mortgage payment protection insurance
Notes: Tax free policy for mortgage payment protection insurance
Notes: The cost varies and no official data. In Survey by Scotland, the cost includes, court costs and costs during the repossession process - the latter consists of solicitors costs, lenders fee ( if repossessed), fee for every month the account is in arrears, cost of reviewing file and pass it on to solicitors, and legal fees including letters. The estimate is a case of 6-month arrear, using outstanding debt at the time of repossession.
Notes: The court files suggest that lenders tend to apply for possession when there are around 2 or 3 months arrearsSouth West Councils, 2009). On the hands, there exists cases with mortgages 12 months or more in arrears in the statistics of the CLG over the relevant period.
Notes: The fee you pay the solicitor or conveyancer for working for you. For a £150,000 property, expect to pay at least £325 + VAT.
Notes: The fee you pay the solicitor or conveyancer for working for you. For a £150,000 property, expect to pay at least £325 + VAT.
Notes: The figure is an educated guess as some foreign currency loans do take place (Euro)
Notes: The figure is an educated guess as some foreign currency loans do take place (Euro)
Notes: The figure is an educated guess as some foreign currency loans do take place (Euro)
Notes: The figure is an educated guess as some foreign currency loans do take place (Euro)
Notes: The figure is an educated guess as some foreign currency loans do take place (Euro)
Notes: The Funding for Lending Scheme (FLS) was launched on 13 July 2012
Notes: The Funding for Lending Scheme (FLS) was launched on 13 July 2012
Notes: The Funding for Lending Scheme (FLS) was launched on 13 July 2012
Notes: The Funding for Lending Scheme (FLS) was launched on 13 July 2012
Notes: The great majority of the recipient of income supports subject to 2.1.2 and 2.1.6 belonged to the lowest quartile of income distribution.
Notes: The great majority of the recipient of income supports subject to 2.1.2 and 2.1.6 belonged to the lowest quartile of income distribution.
Notes: The great majority of the recipient of income supports subject to 2.1.2 and 2.1.6 belonged to the lowest quartile of income distribution.
Notes: The great majority of the recipient of income supports subject to 2.1.2 and 2.1.6 belonged to the lowest quartile of income distribution.
Notes: The lowest quartile
Notes: The lowest quartile
Notes: The national income distribution figures are used. This is this lowest income level of any type of adult (i.e., not income of a household).
Notes: The national income distribution figures are used. This is this lowest income level of any type of adult (i.e., not income of a household).
Notes: The national income distribution figures are used. This is this lowest income level of any type of adult (i.e., not income of a household).
Notes: The New Buy Guarantee Program, launched in 2012, was replaced by the Help to Buy Mortgage Guarantee in October 2013
Notes: The New Buy Guarantee Program, launched in 2012, was replaced by the Help to Buy Mortgage Guarantee in October 2013
Notes: The New Buy Guarantee Program, launched in 2012, was replaced by the Help to Buy Mortgage Guarantee in October 2013
Notes: The percentages provided are for England only
Notes: The percentages provided are for England only
Notes: The percentages provided are for England only
Notes: The percentages provided are for England only
Notes: The percentages provided are for England only
Notes: The percentages provided are for England only. Data attained from English Housing Survey Reports
Notes: The percentages provided are for England only. Data attained from English Housing Survey Reports
Notes: The percentages provided are for England only. Data attained from English Housing Survey Reports
Notes: The Scottish Government has launched a mortgage indemnity scheme to help more first-time buyers get on the property ladder since 29 June 2011.
Notes: The Scottish Government has launched a mortgage indemnity scheme to help more first-time buyers get on the property ladder since 29 June 2011.
Notes: The Special Liquidity Scheme (SLS) was introduced in 2008 and closed in 2012
Notes: The Special Liquidity Scheme (SLS) was introduced in 2008 and closed in 2012
Notes: The Special Liquidity Scheme (SLS) was introduced in 2008 and closed in 2012
Notes: The Special Liquidity Scheme (SLS) was introduced in 2008 and closed in 2012
Notes: The UK's fifth largest mortgage lender Northern Rock Bank was nationalized in 2008 by the government as a result of the subprime mortgage crisis. The bank was split up into two parts; the "good bank" and the "bad bank." Bradford and Bingley bank was also nationalised in 2008. The bank was split up into two parts; the mortgage side and the investment side.
Notes: The value is -12.39%
Notes: The value is -22.25%
Notes: The value is -35.67%
Notes: The value is -45.08%
Notes: The value is -51.19%
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There are public assistance to prevent repossession, which could appear obstacles from the lenders' viewpoint.
Notes: There was a change in legislation in March 2012 when the New Buy Guarantee was launched, which was an indemnity fund for mortgage lenders if buyers failed to keep up with mortgage payments
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester. Values are approximate.
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester
Notes: Traditionally, UK mortgage lenders use Master Trust programmes to issue RMBS-- namely; Mounds -- HBOS (Bank of Scotland); Gracechurch – Barclays; Permanent – HBOS (Halifax); Arkle – Cheltenham & Gloucester; Holmes – Abbey; Lothian – Standard Life; Fosse – Alliance & Leicester. Values are approximate
Notes: Trivial. "Very few people know that it is possible to obtain a foreign currency mortgage for UK residential properties (http://www.internationalmortgagebrokers.co.uk/foreign-currency-mortgages/foreign-currency-mortgages.html)"
Notes: Value is normally less than
Notes: Value is normally less than
Notes: Value is normally less than
Notes: Value is normally less than
Notes: Value is normally less than
Notes: Value is normally less than. In terms of third party insurance but some lenders self insure. The UK government is setting up a mortgage guarantee scheme for 3 years funded to support up to £12billion of mortgage liabilities.
Notes: Values are typically <90%