General Assessment

    Variable(2018)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
    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: 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: 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:
    Notes:
    Notes:
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    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: "In arrears" is defined to be more than 1.5% of loan amount past due
    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: **Estimate since CML data is closed to non-members
    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 varies by council
    Notes: Credit Guarantee Scheme closed in 2012
    Notes: Credit Guarantee Scheme closed in 2012
    Notes: Credit Guarantee Scheme closed in 2012
    Notes: Credit Guarantee Scheme closed in 2012
    Notes: Credit Guarantee Scheme closed in 2012
    Notes: Credit Guarantee Scheme closed in 2012
    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 England only
    Notes: Data for England only
    Notes: Data for England only
    Notes: Data for England only
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    Notes: Data for England only. Substandard housing is residential property that is not up to the local housing code. For a comparison of estimates see Table 119 from ONS Data
    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. 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 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: Estimated only from English Data. Compare with the estimate of 1.19 from the Ministry of Housing (also England only)
    Notes: Estimated only from English Data. Compare with the estimate of 1.22 from the Ministry of Housing (also England only)
    Notes: Estimated only from English Data. Compare with the estimate of 1.38 from the Ministry of Housing (also England only)
    Notes: Estimated only from English Data. Compare with the estimate of 1.47 from the Ministry of Housing (also England only)
    Notes: Estimated only from English Data. Compare with the estimate of 2.49 from the Ministry of Housing (also England only)
    Notes: Estimated only from English Data. Compare with the estimate of 2.61 from the Ministry of Housing (also England only)
    Notes: Estimated only from English Data. Compare with the estimate of 2.73 from the Ministry of Housing (also England only)
    Notes: Estimated only from English Data. Compare with the estimate of 4.57 from the Ministry of Housing (also England only)
    Notes: Estimated only from English Data. The Ministry of Housing did not produce an estimate in 2012
    Notes: Expenses incurred from renting out a property may be deducted from the rental income. For furnished homes, a 10% "wear and tear allowance" deduction of rental income is allowed.
    Notes: Financial Services Authority; Financial Stability Board (succeeded to Financial Stability Forum in April 2009)
    Notes: Funding for Lending Scheme (FLS)
    Notes: Funding for Lending Scheme (FLS)
    Notes: Funding for Lending Scheme (FLS), Help to Buy
    Notes: Funding for Lending Scheme (FLS), Help to Buy
    Notes: Funding for Lending Scheme (FLS), Help to Buy
    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: Help to Buy
    Notes: Help to Buy
    Notes: Help to Buy
    Notes: Help to Buy
    Notes: Help to Buy
    Notes: Help to Buy: boosts savings by 25% for qualifying individuals
    Notes: Help to Buy: boosts savings by 25% for qualifying individuals
    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: 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: 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: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: National figures, not urban
    Notes: no more than 15% of loans can be more than 4.5 DTI
    Notes: no more than 15% of loans can be more than 4.5 DTI
    Notes: Normally more than this value
    Notes: Normally more than this value
    Notes: Northern Rock Asset Management still exist
    Notes: Northern Rock's portfolio has been sold to other investors and is not issuing new mortgages
    Notes: Northern Rock's portfolio has been sold to other investors and is not issuing new mortgages
    Notes: Northern Rock's portfolio has been sold to other investors and is not issuing new mortgages
    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: Percentage of vacant units in England
    Notes: Provider Firms
    Notes: Provider Firms
    Notes: Provider Firms
    Notes: Provider Firms
    Notes: Provider Firms
    Notes: Rent to HomeBuy
    Notes: Rent to HomeBuy
    Notes: Rent to Homebuy
    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: 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: Stamp Duty Tax for purchasing
    Notes: Stamp Duty Tax for purchasing
    Notes: Stamp Duty Tax for purchasing
    Notes: Subsidy for ailing banks/building societies
    Notes: Subsidy for ailing banks/building societies
    Notes: Subsidy for ailing banks/building societies
    Notes: tax on rental income
    Notes: tax on rental income
    Notes: tax on rental income
    Notes: tax on rental income
    Notes: tax on rental income
    Notes: tax on rental income
    Notes: tax on rental income
    Notes: tax on rental income
    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 Help to Buy Equity loan provides low-interest loans for those who qualify. The program requires a buyer to deposit 5% for the purchase of the home. The government loans 20% of the total mortgage at the subsidized rate. The buyer must be able to secure a loan for the rest of the mortgage (75%) from another source
    Notes: The Help to Buy Equity loan provides low-interest loans for those who qualify. The program requires a buyer to deposit 5% for the purchase of the home. The government loans 20% of the total mortgage at the subsidized rate. The buyer must be able to secure a loan for the rest of the mortgage (75%) from another source
    Notes: The Help to Buy Equity loan provides low-interest loans for those who qualify. The program requires a buyer to deposit 5% for the purchase of the home. The government loans 20% of the total mortgage at the subsidized rate. The buyer must be able to secure a loan for the rest of the mortgage (75%) from another source
    Notes: The Help to Buy Equity loan provides low-interest loans for those who qualify. The program requires a buyer to deposit 5% for the purchase of the home. The government loans 20% of the total mortgage at the subsidized rate. The buyer must be able to secure a loan for the rest of the mortgage (75%) from another source
    Notes: The Help to Buy Equity loan provides low-interest loans for those who qualify. The program requires a buyer to deposit 5% for the purchase of the home. The government loans 20% of the total mortgage at the subsidized rate. The buyer must be able to secure a loan for the rest of the mortgage (75%) from another source
    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 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 are two main regulators. The Prudential Regulation Authority regulates depository institutions, and the Financial Conduct Authority sets mortgage regulations generally
    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: 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: Very few loans are offered in foreign currency.