scholarly journals A General Test of Competitive Conditions in the UK Building Society Mortgage Market: 1990-1996

2000 ◽  
Vol 20 (1) ◽  
pp. 86-94 ◽  
Author(s):  
John K. Ashton
Keyword(s):  
Mortgage Market ◽  
Building Society ◽  
General Test ◽  
The Uk

scholarly journals The UK mortgage market: responding to volatility

2011 ◽  
Vol 26 (3) ◽  
pp. 277-293 ◽  
Author(s):  
Kathleen Scanlon ◽  
Christine Whitehead
Keyword(s):  
Mortgage Market ◽  
The Uk

‘We All Live in a Robbie Fowler House’: The Geographies of the Buy to Let Market in the UK

2009 ◽  
Vol 11 (3) ◽  
pp. 438-460 ◽  
Author(s):  
Andrew Leyshon ◽  
Shaun French
Keyword(s):  
Private Sector ◽  
Financial Institutions ◽  
Mortgage Lending ◽  
Mortgage Market ◽  
Capital Gains ◽  
Financial Security ◽  
Financial Responsibility ◽  
Income Stream ◽  
The Uk

The buy to let market, produced through the re-regulation of the private rented market in the late 1980s and the promotion of a new mortgage product by the Association of Residential Letting Agents and private sector lenders in the 1990s, accounted for 12 per cent of all UK mortgage lending by 2007. Buy to let is popularly understood as a vehicle for speculative investment and as a means for securing long-term financial security through capital gains via property, and it represents an important aspect of financialisation, helping to call forth new investor subjectivities, which promulgate individualised forms of financial responsibility. Buy to let was also a profitable income stream for financial institutions in the UK which outperformed the mainstream mortgage market until problems in this market became apparent. This article reports on research carried out on the buy to let market and draws attention to the highly geographical nature of the market, which has distinctive regional and urban geographies. These geographies help to explain the differing fortunes of the buy to let market.

scholarly journals Economic Mechanism and Cash Flows Modeling for Reverse Mortgage

2018 ◽  
Vol 22 (6) ◽  
pp. 106-120
Author(s):  
E. V. Kuz’mina ◽  
A. A. Yanin
Keyword(s):  
Real Estate ◽  
Senior Citizens ◽  
Market Equilibrium ◽  
Cash Flows ◽  
Mortgage Lending ◽  
Mortgage Market ◽  
Reverse Mortgage ◽  
Economic Mechanism ◽  
Expected Benefits ◽  
The Uk

The research is devoted to the economic mechanism of reverse mortgage —  a credit product aimed at improving the standard of living of senior citizens, owners of real estate. The idea of the reverse mortgage has been given, as well as the mechanisms of use of real estate owned by senior citizens in order to provide them with additional income. The examples of reverse mortgage in the uS, the uK, Spain and Australia have been given. The authors have also described the methods of reverse mortgage lending in Russia. Based on the analysis of international experience, the economic expediency of investing in this credit tool has been assessed. Considering consumer demand factor, it is possible to calculate the equilibrium rate and, therefore, to find the coordinates of the market equilibrium point. The authors have developed a mathematical model of reverse mortgage for the case of lifetime annuity payments. This model allows to calculate the expected benefits of borrowers and lenders. There have been done (and implemented) two notes that significantly distinguish reverse mortgage modeling from other loan products: 1) a lifetime reverse mortgage does not have a fixed expiration date; 2) when taking a loan of this type, borrowers consider not only consumption, but also accumulation of inheritance. The model allows to calculate the position of break-even points and market equilibrium (relative to the interest rate). This will help economically interested agents to assess the potential of the reverse mortgage market in Russia.

scholarly journals Perceptions of Regulation on the UK Mortgage Market: A Step Too Far?

2015 ◽  
Vol 10 (8) ◽  
Author(s):  
Ehsan Khansalar ◽  
Natasha Turner ◽  
George Giannopoulos
Keyword(s):  
Mortgage Market ◽  
The Uk

scholarly journals Household mortgage demand: a study of the UK, Australia and Japan

2019 ◽  
Vol 12 (1) ◽  
pp. 110-130 ◽  
Author(s):  
Michio Naoi ◽  
Piyush Tiwari ◽  
Yoko Moriizumi ◽  
Norifumi Yukutake ◽  
Norman Hutchison ◽  
...  
Keyword(s):  
Demand Function ◽  
Income Elasticity ◽  
Ordinary Least Squares ◽  
Housing Demand ◽  
Mortgage Market ◽  
Data Sets ◽  
Content Type ◽  
Institutional Structures ◽  
The Uk ◽  
Mortgage Demand

PurposeHomeownership has been the main focus of housing policies in most countries. Typical means that households use to achieve homeownership is to take out a loan and supplement this with accumulated wealth for a downpayment. This paper aims to analyze the mortgage demand behavior of households in the UK, Australia and Japan.Design/methodology/approachUsing three panel data sets, HILDA for Australia, KHPS for Japan and USS for the UK, the paper estimates three equations using ordinary least squares: mortgage demand function, housing demand function and initial loan to value ratio function.FindingsThough homeownership is a preferred tenure and the mortgages are “recourse” loans, housing markets in these three countries operate in different mortgage market institutional structures. Results indicate that income elasticity of mortgage demand differ despite income elasticity of housing demand being similar. Different mortgage institutions in countries that pose constraints for borrowers also determine mortgage demand. Other factors such as demography and economic conditions have also played an important role in determining mortgage and housing demand.Originality/valueThe paper is first, to the authors’ knowledge, that explores the role of institutions in mortgage demand in a comparative framework for the UK, Japan and Australia.

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