2016年-FCA英国金融行为监管局_mlar_statistics_december_2016_detailed_38页_2mb

MLAR Statistics: December 2016 Edition Summary

Core Content Overview

This document presents the MLAR (Mortgage Lending and Arrears) statistics for December 2016, focusing on residential loans to individuals, categorized into regulated and non-regulated. It includes data on loan balances, business flows, interest rates, income multiples, and loan-to-value (LTV) ratios.

Main Tables and Their Descriptions

Table 1.11: Residential Loans to Individuals - Balances on and off Balance Sheet

• Purpose: Provides the total residential loan balances (on and off balance sheet) for both regulated and non-regulated sectors in 2015 and 2016.
• Key Data:
  • Regulated:
    • Unsecuritised loans increased from £946,039 million in Q2 2015 to £986,765 million in Q3 2016.
    • Securitised loans decreased slightly from £59,095 million in Q2 2015 to £53,889 million in Q3 2016.
  • Non-regulated:
    • Unsecuritised loans increased from £241,706 million in Q2 2015 to £253,096 million in Q3 2016.
    • Securitised loans decreased from £25,118 million in Q2 2015 to £22,489 million in Q3 2016.
  • Total (Regulated + Non-regulated):
    • Unsecuritised loans increased from £1,187,745 million in Q2 2015 to £1,239,861 million in Q3 2016.
    • Securitised loans decreased from £84,213 million in Q2 2015 to £76,378 million in Q3 2016.

Table 1.21: Residential Loans to Individuals - Business Flows

• Purpose: Shows the gross advances, net advances, new commitments, and balances outstanding for both regulated and non-regulated residential loans.
• Key Data:
  • Regulated:
    • Gross advances increased from £42,987 million in Q2 2015 to £58,057 million in Q3 2016.
    • Net advances rose from £9,954 million in Q2 2015 to £11,715 million in Q3 2016.
    • Loans (excluding overdrafts) increased from £946,039 million in Q2 2015 to £986,765 million in Q3 2016.
  • Non-regulated:
    • Gross advances fluctuated, with a peak in Q3 2016 at £14,863 million.
    • Net advances saw a sharp increase in Q3 2016, reaching £5,382 million.
    • Loans (excluding overdrafts) increased from £241,706 million in Q2 2015 to £253,096 million in Q3 2016.
  • All (Regulated + Non-regulated):
    • Gross advances increased from £52,560 million in Q2 2015 to £68,128 million in Q3 2016.
    • Net advances rose from £9,954 million in Q2 2015 to £11,715 million in Q3 2016.
    • Total loans (excluding overdrafts) increased from £1,187,745 million in Q2 2015 to £1,239,861 million in Q3 2016.

Table 1.22: Residential Loans to Individuals - Interest Rate Analysis

• Purpose: Details the interest rate distribution and weighted average interest rates for both regulated and non-regulated residential loans.
• Key Data:
  • Regulated:
    • Fixed-rate loans accounted for 81.06% of gross advances in Q2 2016.
    • Variable-rate loans accounted for 18.94% of gross advances in Q2 2016.
    • Overall weighted average interest rates for all loans in Q2 2016 were 2.63%.
  • Non-regulated:
    • Fixed-rate loans accounted for 69.32% of gross advances in Q2 2016.
    • Variable-rate loans accounted for 30.68% of gross advances in Q2 2016.
    • Overall weighted average interest rates for all loans in Q2 2016 were 3.44%.
  • All (Regulated + Non-regulated):
    • Fixed-rate loans accounted for 78.92% of gross advances in Q2 2016.
    • Variable-rate loans accounted for 21.08% of gross advances in Q2 2016.
    • Overall weighted average interest rates for all loans in Q2 2016 were 2.83%.

Key Insights and Trends

• Loan Growth: Overall residential loan balances increased across both regulated and non-regulated sectors in 2016, with a notable rise in unsecuritised loans and a decline in securitised loans.
• Interest Rate Trends: There was a decline in fixed-rate loans for both regulated and non-regulated sectors, while variable-rate loans saw a slight increase.
• LTV and Income Multiple:
  • The majority of loans had an LTV of 75% or less in both regulated and non-regulated sectors.
  • Income multiples were generally lower in non-regulated compared to regulated, with a concentration in the 3.00–4.00 range.
  • Loans with income multiples of 4.00 or over and LTV over 90% were relatively small in both sectors, but increased slightly in the non-regulated sector.

Conclusion

The December 2016 edition of MLAR Statistics provides a detailed breakdown of residential loans to individuals in the UK, highlighting the growth in unsecuritised loans, interest rate distribution, and LTV and income multiple trends across both regulated and non-regulated sectors. The data suggests a shift towards variable-rate loans and a relatively stable LTV distribution, with some fluctuations in non-regulated lending. These statistics are essential for understanding market behavior, risk profiles, and financial trends in the residential mortgage sector.