2014年-FCA英国金融行为监管局_mlar_statistics_mar_2014_detailed_41页_1mb

MLAR Statistics: March 2014 Edition Summary

Core Content Overview

This document presents statistics related to residential loans to individuals in the UK, categorized into regulated and non-regulated segments. It includes data on loan balances, business flows, interest rate analysis, income multiple and loan-to-value (LTV) ratios, and arrears for both unsecuritised and securitised loans. All data is not seasonally adjusted and is sourced from the Bank of England and FCA.

Key Tables and Descriptions

Table 1.11: Residential Loans to Individuals – Balances on & Off Balance Sheet

• Purpose: Provides the total loan balances on and off balance sheet for residential lending to individuals.
• Data Overview:
  • Regulated Unsecuritised Loans: Increased steadily from £860,812 million in Q3 2012 to £886,171 million in Q3 2013.
  • Regulated Securitised Loans: Decreased from £92,090 million in Q3 2012 to £80,282 million in Q3 2013.
  • Non-regulated Unsecuritised Loans: Decreased slightly from £241,705 million in Q3 2012 to £236,537 million in Q3 2013.
  • Non-regulated Securitised Loans: Also decreased from £32,713 million in Q3 2012 to £30,830 million in Q3 2013.
  • Total Residential Loans: Combined regulated and non-regulated loans, showing an overall increase from £1,227,319 million in Q3 2012 to £1,233,820 million in Q3 2013.

Table 1.21: Residential Loans to Individuals – Business Flows

• Purpose: Tracks the gross advances, net advances, and new commitments for residential loans.
• Regulated Loans:
  • Gross Advances: Fluctuated between £34,951 million (Q3 2012) and £42,999 million (Q2 2013).
  • Net Advances: Vary between £5,665 million (Q2 2013) and £8,064 million (Q3 2013).
  • New Commitments: Increased from £31,923 million (Q3 2012) to £43,349 million (Q3 2013).
• Non-regulated Loans:
  • Gross Advances: Increased from £4,644 million (Q3 2012) to £7,156 million (Q4 2013).
  • Net Advances: Increased from £-1,851 million (Q3 2012) to £259 million (Q4 2013).
  • New Commitments: Increased from £4,011 million (Q3 2012) to £6,977 million (Q4 2013).

Table 1.22: Residential Loans to Individuals – Interest Rate Analysis

• Purpose: Analyzes the interest rate basis and weighted average interest rates for residential loans.
• Regulated Loans:
  • Percentage of business at fixed rates (Gross Advances): Increased from 56.89% in Q3 2012 to 79.34% in Q3 2013.
  • Percentage of business above Bank Rate (Gross Advances): Increased from 20.03% in Q3 2012 to 23.55% in Q4 2013.
  • Weighted average interest rates (Gross Advances): Decreased from 3.82% in Q3 2012 to 3.22% in Q4 2013.
• Non-regulated Loans:
  • Percentage of business at fixed rates (Gross Advances): Increased from 49.20% in Q3 2012 to 63.98% in Q3 2013.
  • Percentage of business above Bank Rate (Gross Advances): Increased from 26.06% in Q3 2012 to 27.94% in Q4 2013.
  • Weighted average interest rates (Gross Advances): Decreased from 4.38% in Q3 2012 to 4.01% in Q4 2013.
• All Loans:
  • Percentage of business at fixed rates (Gross Advances): Increased from 55.98% in Q3 2012 to 77.31% in Q3 2013.
  • Percentage of business above Bank Rate (Gross Advances): Increased from 22.84% in Q3 2012 to 25.48% in Q4 2013.
  • Weighted average interest rates (Gross Advances): Decreased from 3.89% in Q3 2012 to 3.32% in Q4 2013.

Table 1.31: Residential Loans to Individuals – Income Multiple and LTV

• Purpose: Provides a breakdown of residential loans based on income multiple and loan-to-value (LTV) ratios.
• Income Multiple:
  • Regulated Loans:
    • Single Income: Dominated by income multiples between 2.50 and 4.00, with a total of 44.09% in Q3 2012 and 40.45% in Q4 2013.
    • Joint Income: Dominated by income multiples between 2.50 and 3.00, with a total of 55.91% in Q3 2012 and 59.55% in Q4 2013.
  • Non-regulated Loans:
    • Single Income: Majority of loans were based on income multiples less than 2.50, totaling 87.88% in Q3 2012 and 87.69% in Q4 2013.
    • Joint Income: Majority of loans were based on income multiples less than 2.00, totaling 12.12% in Q3 2012 and 12.31% in Q4 2013.
  • All Loans:
    • Single Income: Dominated by income multiples between 2.50 and 4.00, totaling 49.22% in Q3 2012 and 46.69% in Q4 2013.
    • Joint Income: Dominated by income multiples between 2.50 and 3.00, totaling 50.78% in Q3 2012 and 53.31% in Q4 2013.
• LTV (Loan-to-Value) Ratios:
  • Regulated Loans:
    • LTV <= 75%: Majority of loans, with 65.77% in Q3 2012 and 61.61% in Q4 2013.
    • LTV over 75% and <= 90%: Increased from 31.72% in Q3 2012 to 36.01% in Q4 2013.
    • LTV over 90% and <= 95%: Increased from 2.11% in Q3 2012 to 1.93% in Q4 2013.
    • LTV over 95%: Increased from 0.41% in Q3 2012 to 0.45% in Q4 2013.
  • Non-regulated Loans:
    • LTV <= 75%: Majority of loans, with 85.70% in Q3 2012 and 88.25% in Q4 2013.
    • LTV over 75% and <= 90%: Decreased from 13.48% in Q3 2012 to 11.15% in Q4 2013.
    • LTV over 90% and <= 95%: Decreased from 0.09% in Q3 2012 to 0.09% in Q4 2013.
    • LTV over 95%: Increased from 0.73% in Q3 2012 to 0.51% in Q4 2013.
  • All Loans:
    • LTV <= 75%: Majority of loans, with 65.77% in Q3 2012 and 61.61% in Q4 2013.
    • LTV over 75% and <= 90%: Increased from 31.72% in Q3 2012 to 36.01% in Q4 2013.
    • LTV over 90% and <= 95%: Increased from 2.11% in Q3 2012 to 1.93% in Q4 2013.
    • LTV over 95%: Increased from 0.41% in Q3 2012 to 0.45% in Q4 2013.

Main Points and Key Information

• Loan Trends:

  • Total residential loans to individuals increased slightly from £1,227,319 million in Q3 2012 to £1,233,820 million in Q3 2013.
  • Regulated Unsecuritised Loans showed consistent growth, while Regulated Securitised Loans declined.
  • Non-regulated Loans showed mixed trends, with Unsecuritised Loans decreasing and Securitised Loans also decreasing.

• Interest Rate Trends:

  • A significant increase in the percentage of loans at fixed rates was observed across all categories.
  • Weighted average interest rates generally declined, indicating a shift towards lower rates or more fixed-rate lending.

• Income Multiple and LTV Analysis:

  • Single income dominated the loan portfolio, with a focus on income multiples between 2.50 and 4.00.
  • Joint income also had a significant share, with most loans based on income multiples between 2.50 and 3.00.
  • The majority of loans were issued at LTV <= 75%, with a gradual increase in high LTV (over 90%).

• Notes:

  • All data is not seasonally adjusted.
  • The data is provided by the Bank of England and FCA, and copyright information is included for reference.
  • The report was last updated on 11 March 2014.

Conclusion

The March 2014 edition of MLAR statistics provides a detailed overview of residential loans to individuals, including their balances, business flows, interest rate structure, and income and LTV analysis. The data shows a general trend of increased fixed-rate lending and steady growth in loan balances, with non-regulated loans showing more variability. The majority of loans were issued at LTV <= 75%, and single income was the most common basis for loan approval.