1 / 11

“Mortgages Today” Paul Smee Council of Mortgage Lenders

“Mortgages Today” Paul Smee Council of Mortgage Lenders. The housing picture. Residential mortgages Transaction volumes down Half of the boom Total lending £135bn – “flat” Is this the ‘new normal’?. Buy-to-let. Increased lending – from very low base Healthy sector

lara-kemp
Download Presentation

“Mortgages Today” Paul Smee Council of Mortgage Lenders

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. “Mortgages Today” Paul Smee Council of Mortgage Lenders

  2. The housing picture Residential mortgages Transaction volumes down Half of the boom Total lending £135bn – “flat” Is this the ‘new normal’?

  3. Buy-to-let • Increased lending – from very low base • Healthy sector • 10 per cent of gross advances

  4. Aspiration 81% still want to own their home BUT Timescales are slipping

  5. Arrears: percentage of balance Source: CML

  6. Possessions Source: CML

  7. Debt advice MAS role

  8. What does the mortgage market need? • Appropriate regulation • MMR must be proportionate and not exclude groups • Interest-only – what is its niche? • No mortgage prisoners

  9. Housing strategy • Needs to be joined up • No silver bullets • All needs funding • Depends on new supply

  10. NewBuy • 95% mortgages on new build • Builder indemnity • Target group – those with income but low deposits

  11. Risks • Eurozone • Funding • “Confidence”

More Related