2014年-FCA英国金融行为监管局_mlar_commentary_mar_2014_10页_251kb

报告摘要

Summary of Mortgage Lenders and Administrators Statistics for 2013 Q4

Core Content

The document provides detailed statistics on mortgage lending activities in the UK for the fourth quarter of 2013, sourced from the Mortgage Lenders & Administrators Return (MLAR). It includes data on loan amounts, new business volumes, interest rate trends, lending characteristics, and arrears and possessions.

Key Financial Metrics

Total residential loan amounts outstanding: £1,238 billion, up 0.8% from the previous four quarters.
Regulated loans: £976 billion, constituting 79% of total loans, almost unchanged from Q3 2013.
Non-regulated loans: £262 billion, down 1.9% in Q4 2013.
Securitised loans: £106 billion, down 4.2% from Q3 2013, with the proportion of total loan balances falling to 8.6%, the lowest since 2007.
Unsecuritised loans: £1,132 billion, up in Q4 2013.

New Business Volumes

Gross advances: £51.5 billion, up 31% compared to Q4 2012 and the highest since Q3 2008.
Net advances: £9.0 billion, more than double that of Q4 2012.
New commitments: £50.3 billion, up 36% from Q4 2012 but down 0.4% from Q3 2013.

Interest Rate Trends

Proportion of gross advances at fixed rates: 80.3%, up 3.0 percentage points from Q3 2013, the highest since 2007.
Proportion of balances outstanding at fixed rates: 32.9%, up 2.2 percentage points from Q3 2013.
Average interest rate on gross advances: 3.25%, down 7bps from Q3 2013, the lowest since 2007.
Average interest rate on total amounts outstanding: 3.36%, down 4bps from Q3 2013.

Lending Characteristics

House purchase: 68.2% of new lending, up 0.6 percentage points from Q3 2013.
First time buyers: 20.6% of new lending, the highest since 2007.
Remortgage: 26.5% of new lending, unchanged from Q4 2013.
Buy to let (BTL): 12.8% of new lending, up from 11.9% in Q3 2013.
Other new lending: 2.7% of new lending, down from 3.2% in Q3 2013.

Lending Criteria

High LTV (over 90%): 2.1% of gross advances, little change from Q3 2013.
High single income multiple (over 4.00x): 11.6% of gross advances, up 1.1 percentage points from Q3 2013.
High joint income multiple (over 3.00x): 27.0% of gross advances, down 0.2 percentage points from Q3 2013.
Combined high LTV and high income multiple: 1.5% of gross advances, up 0.2 percentage points from Q3 2013.

Arrears and Possessions

New arrears cases: 29,208, down 2.9% from Q3 2013 and the lowest since 2007.
New arrears amount: £55 million, down 16.3% from Q4 2012.
Total loan accounts in arrears: 264,862, down 5.3% from Q3 2013.
Arrears amount: £1,630 million, down from £1,695 million in Q3 2013.
Performance of arrears cases: 61.9%, improved for the sixth consecutive quarter.
Possession cases: 6,137, down 21% from Q4 2012.
Possession sales: 7,626, down 19% from Q4 2012.
Stock of possession cases: 9,962, the lowest since 2007.
Capitalisations of arrears cases: 8,191 accounts, up 2.2% from Q3 2013, with arrears capitalised amount of £32 million.

Regulatory Context

The MLAR data is compiled jointly by the Bank of England and FCA since April 2013.
The data covers both regulated and non-regulated residential lending to individuals.
Regulated loans are 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.
There is a gradual shift from non-regulated to regulated lending as older mortgages are repaid or re-mortgaged.

Definitions and Methodology

Gross advances: New loans to borrowers.
Net advances: Gross advances minus borrower repayments.
New commitments: Agreements to advance funds in the future.
Securitisation: Involves creating Loan Notes and selling them to investors; some loans are reclassified if used as collateral for liquidity schemes.
Arrears: Overdue payments of at least 1.5% of the loan balance.
Performance of arrears: Payments received as a percentage of payments due.
Capitalisation: Refers to arrears being added to the loan balance, reported as arrears until fully repaid.

Charts and Tables

Chart 1: Gross Advances and New Commitments.
Chart 2: Net Advances.
Chart 3: Percentage of business at fixed rates.
Chart 4: Weighted average interest rates.
Chart 5: Breakdown of gross advances by purpose of loan.
Chart 6: Balance on cases in arrears as % of total loan balances.
Chart 7: Number of cases in arrears as a proportion of total number of loans.

Notes

The data is not seasonally adjusted.
There may be differences in reporting populations, definitions, and seasonal adjustments across different data releases.
Further details on the data can be found in the explanatory notes at the provided link.

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