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(Article of periodic en Anglais - 2014)

Document title

Regional differences in mortgage demand and mortgage instrument choice in the UK

Authors(s) and Affiliation(s)

KOBLYAKOVA A. (1) ; HUTCHISON N. (2) ; TIWARI P. (3) ;
(1) Property Management & Development,, School of Architecture, Design and the Built Environment, Nottingham Trent Univ., Nottingham, ROYAUME-UNI
(2) Centre for Real Estate Research, Univ. of Aberdeen Business School, Aberdeen, ROYAUME-UNI
(3) Faculty of Architecture, Building and Planning, University of Melbourne, Melbourne, AUSTRALIE

Abstract

This paper presents empirical evidence of regional variations in mortgage choice decisions within the UK's mortgage sector. Utilizing British Household Panel Survey data for the years 2001, 2007 and 2008, it suggests that a household's decision to choose a variable rate mortgage is more likely to occur in areas with lower incomes and affordability rates, such as Northern England, Scotland and Wales. Since variable rate mortgages are more sensitive to income and monetary policy shocks, the disproportional distribution of variable contracts within the mortgage sector may have a differential impact on the regions

Source

Article of periodic

published at : Regional studies / ISSN 0034-3404

Editor : Cambridge University Press, Cambridge - ROYAUME-UNI (1967)

Millesime : 2014, vol. 48, no9 [pp. 1499-1513]

Bibliographic references : 2 p.

Collation : 5 tabl.

Language

Anglais

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1080/00343404.2012.750426

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
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