2014年-FCA英国金融行为监管局_mlar_statistics_june_2014_commentary_10页_384kb

报告摘要

Summary of Mortgage Lenders and Administrators Statistics for 2014 Q1

Core Content

The document presents statistics on mortgage lending in the UK for the first 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 possession data.

Total Residential Loan Amounts Outstanding

The total value of residential loans outstanding in Q1 2014 was £1,243 billion, an increase of 0.4% compared to Q4 2013 and 1.2% over the past four quarters.
Regulated loans amounted to £978.5 billion, constituting 79% of the total, the same percentage as in Q4 2013.
Non-regulated loans increased by 0.8% to £264.4 billion.
Securitised loans declined by 4.8% to £101.3 billion, while unsecuritised loans increased to £1,141.7 billion.
The proportion of securitised balances to total outstanding loans fell to 8.1%, the lowest since 2007.

New Business Volumes

Gross advances in Q1 2014 were £47.1 billion, a 38.5% increase compared to Q1 2013 and the highest since Q1 2008.
Net advances decreased to £7.0 billion, down 8.5% from Q4 2013.
New commitments dropped by 3% to £48.8 billion, but increased by 37.5% compared to Q1 2013.

Lending Characteristics

The proportion of gross advances at fixed rates increased to 81.0%, the highest since 2007, up by 10.3 percentage points from Q1 2013.
The proportion of balances outstanding on fixed rate loans increased by 2.3 percentage points to 35.2%.
The overall average interest rate on gross advances decreased by 1bps to 3.24%, the lowest since 2007.
- This was driven by a 6bps decline in variable rate loans to 2.93%, partially offset by a 2bps increase in fixed rate loans to 3.32%.
The overall average interest rate on total amounts outstanding decreased by 2bps to 3.34%, the lowest since 2007.
- This was entirely due to a 11bps decline in fixed rate balances to 3.74%, with variable rate balances unchanged at 3.12%.

Breakdown by Purpose of New Lending

House purchase accounted for 66.4% of new lending, a decrease of 1.8 percentage points from Q4 2013.
First-time buyers (FTBs) represented 20.1% of new lending, down 0.5 percentage points from the series peak in Q4 2013.
Remortgage increased to 27.4%, up 0.9 percentage points from Q4 2013.
Buy-to-let (BTL) increased to 14.4%, up 66% in value terms from Q1 2013.
Other new lending (including lifetime and equity release mortgages) increased to 3.3%, up from 2.7% in Q4 2013.

Lending Criteria

The proportion of gross advances with LTV over 90% increased by 1.5 percentage points to 3.6%, the highest since Q4 2008.
The proportion of gross advances to borrowers with a single income multiple over 3.5x increased by 1.1 percentage points to 2.6%.
The proportion of gross advances to borrowers with a joint income multiple over 2.75x also increased by 1.1 percentage points to 2.6%.

Arrears and Possessions

New arrears cases in Q1 2014 were 27,761, a 5% decrease from Q4 2013 and the lowest since the series began in 2007.
The amount of new arrears decreased by 23.5% from Q1 2013 to £52 million.
The total number of loan accounts with reportable arrears decreased to 255,561, a 3.5% reduction from Q4 2013.
Performance of arrears cases (payments received as a percentage of payments due) increased to 62.5%, the seventh consecutive quarter of improvement.
New possession cases totaled 6,687, a 17.4% decrease from Q1 2013.
Possession sales dropped to 6,650, a 22% decrease from Q1 2013.
The stock of unsold possession cases increased to 10,154 from 9,962 in Q4 2013.
Capitalisations of arrears totaled £29 million, a 10.7% decrease in the number of accounts compared to Q4 2013.

Key Definitions and Notes

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 older mortgages.
Securitisation involves creating Loan Notes secured on a pool of loans and selling them to investors.
Arrears are defined as overdue payments of 1.5% or more of the loan balance.
Performance of arrears is measured as payments received as a percentage of payments due.
Temporary concessions and formal arrangements are defined for arrears management.

Additional Information

The MLAR data is compiled and published jointly by the Bank of England and the FCA.
The data is not seasonally adjusted and is collected from around 300 regulated mortgage lenders.
Detailed data tables and explanatory notes are available at the Bank of England website.

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