2017年-FCA英国金融行为监管局_mlar_statistics_sept_2014_commentary_10页_289kb

报告摘要

Summary of Mortgage Lenders and Administrators Statistics for 2014 Q2

Core Content

This document provides a detailed overview of mortgage lending statistics for the second quarter of 2014, derived from the Mortgage Lenders & Administrators Return (MLAR). It covers residential loan amounts, new business volumes, lending characteristics, interest rate trends, and arrears and possessions data.

Key Statistics

Residential Loan Amounts Outstanding

Total: £1,249.3 billion in Q2 2014, an increase of 0.5% compared to Q1 2014 and 1.6% over the past four quarters.
Regulated Loans: £985.5 billion, constituting 79% of the total, same as Q1 2014.
Non-regulated Loans: £263.8 billion, decreased by 0.3% in the quarter.
Securitised Balances: £99.8 billion, down by 1.5% in Q2 2014, representing 8.0% of total balances (lowest since 2007).
Unsecuritised Balances: £1,149.5 billion, up by 0.7% in the quarter.

New Business Volumes

Gross Advances: £51.5 billion, up 9% from Q1 2014 and the highest since Q2 2008.
Net Advances: £8.9 billion, up from £7.0 billion in Q1 2014.
New Commitments: £53.4 billion, up 9% from Q1 2014 and 12% from Q2 2013.

Lending Characteristics

Interest Rate Trends

Fixed Rate Loans: 82.0% of gross advances in Q2 2014, up 6.7 percentage points from Q2 2013.
Variable Rate Loans: Decreased to 2.83% average rate in Q2 2014, down 10bps from Q1 2014.
Overall Average Interest Rate: Increased by 2bps to 3.26% for gross advances, and decreased by 4bps to 3.30% for total amounts outstanding, the lowest since 2007.
Fixed Rate Balances: 37.1% of total balances, up 1.9 percentage points from Q1 2014.

Breakdown by Purpose of New Lending

House Purchase: 70.1% of new lending, up 3.7 percentage points from Q1 2014 and 33% higher than Q2 2013.
First Time Buyers (FTBs): 22.1% of new lending, a series peak.
Remortgage: 24.1% of new lending, down 3.3 percentage points from Q1 2014 but up 5% in value terms from Q2 2013.
Buy to Let (BTL): 13.6% of new lending, down from 14.4% in Q1 2014 but up 1.5 percentage points over the past year.
Other Lending: 3.4% of new lending, up slightly from 3.3% in Q1 2014.

Lending Criteria

Loan-to-Value (LTV) over 90%: Increased by 1 percentage point to 4.6% in Q2 2014, the highest since Q4 2008.
Income Multiple over 3.5x (single income) or 2.75x (joint income): Increased by 0.8 percentage points to 3.4%, the highest since Q2 2008.
Single Income Multiple: 11.9% in Q2 2014, up 30bps from Q1 2014.
Joint Income Multiple: 28.8% in Q2 2014, up 2 percentage points from Q1 2014.

Arrears and Possessions

New Arrears Cases: 24,770 in Q2 2014, down 10.8% from Q1 2014 and the lowest since 2007.
New Arrears Amount: £46 million, down 24.3% from Q2 2013.
Total Arrears Cases: 240,464 in Q2 2014, down 5.9% from Q1 2014.
Arrears as % of Total Loan Balances: 1.86% in Q2 2014, down from 2.00% in Q1 2014.
Performance of Arrears Cases: Increased to 63.2%, the eighth consecutive quarter of improvement.
Possession Cases: 5,728 in Q2 2014, down 26.5% from Q2 2013.
Possession Sales: 6,183 in Q2 2014, down 27.3% from Q2 2013.
Stock of Possessions: 9,710 in Q2 2014, down from 10,154 in Q1 2014.
Capitalisations of Arrears: £27 million on 6,907 accounts, down 5.6% from Q1 2014.

Definitions and Technical Notes

Regulated Loans: Secured by a first charge on residential property for the borrower or close relative.
Non-regulated Loans: Include buy-to-let, second charge, and further advances on pre-2004 mortgages.
Securitisation: Involves creating Loan Notes secured on a parcel of loans, sold to third-party investors. Some reclassification occurs due to the use of securitised loans as collateral for liquidity schemes.
Arrears Definition: Arrears are reported only when they reach 1.5% or more of the loan balance.
Concessions and Arrangements: Temporary concessions and formal arrangements are reported for arrears over the threshold. Arrears are classified as such until the revised repayment schedule is met for at least six months.

Additional Notes

The data is not seasonally adjusted.
The MLAR is jointly compiled by the Bank of England and FCA, replacing the previous FSA statistics.
Detailed data tables and explanatory notes are available on the Bank of England website for further analysis.

展开完整摘要