Mortgage industry of the United Kingdom information
The mortgage industry of the United Kingdom has traditionally been dominated by building societies, the first of which opened in Birmingham in 1775.[1] But since the 1970s, the share of new mortgage loans market held by building societies has declined substantially. Between 1977 and 1987, the share fell drastically from 96% to 66%, and that of banks and other institutions rose from 3% to 36%. The major lenders include building societies, banks, specialized mortgage corporations, insurance companies and pension funds. During the four years after the financial crisis of 2008, the UK mutual sector provided approximately 80% of net lending to the housing market.[2] There are currently over 200 significant separate financial organizations supplying mortgage loans to house buyers in Britain, with Lloyds Bank and the Nationwide Building Society having the largest market share.
^"27 UK Mortgage & Property Statistics | 2020 Infographic". 14 April 2020.
^"Nationwide boss slams Government bank tax as 'missed opportunity'".
and 27 Related for: Mortgage industry of the United Kingdom information
surveyor in theUnitedKingdom is a surveyor who is a member ofthe Royal Institution of Chartered Surveyors ("RICS"). Until the end ofthe 20th century...
TheMortgages and Home Finance: Conduct of Business Sourcebook (MCOB) governs the relationship between mortgage lenders and borrowers in theUnited Kingdom...
(especially in theUnited States, Canada, theUnitedKingdom, Australia, New Zealand, and Spain), mortgage brokers are the largest sellers ofmortgage products...
Mortgage interest relief at source, or MIRAS, was a housing tax relief scheme in theUnitedKingdom from 1983 to 2000, which was introduced as a way of...
The Council ofMortgage Lenders was an industry body representing mortgage lenders in theUnitedKingdom. Its members consisted of banks, building societies...
score of 70% or more to pass this unit. The test is currently conducted at the Pearson VUE test centres in theUnitedKingdom. Unit 3 - Mortgage Law, Policy...
Mortgage to Rent is part ofthe Home Owners' Support Fund, run by the Scottish Government. It is used by homeowners who are threatened with eviction due...
lending charge (HLC) is a charge made by mortgage lenders in the UK when the loan-to-value ratio of a mortgage is higher than they are prepared to accept...
regulations in theUnitedKingdom Cost of moving in theUnitedKingdom English land law HM Land Registry MortgageindustryoftheUnitedKingdom Public housing...
Bank of Scotland [2003] EWCA Civ 1409 is an English land law case, concerning the behaviour of receivers appointed under mortgages. It affirmed the proposition...
As of May 2024, there are 17 supermarket chains currently operating in theUnitedKingdom. The food retail market has been dominated by the 'big four'...
The Government National Mortgage Association (GNMA), or Ginnie Mae, is a government-owned corporation oftheUnited States Federal Government within the...
In theUnitedKingdom, a lender can take possession of a person's home due to default on a mortgage. This process is incorrectly often known as "mortgage...
The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968...
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered...
The 2017 UnitedKingdom general election was held on Thursday 8 June 2017, two years after the previous general election in 2015; it was the first since...
reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value ofthe property...
(ARRA). The collapse oftheUnited States housing bubble and high interest rates led to unprecedented numbers of borrowers missing mortgage repayments...
The 2019 UnitedKingdom general election was held on Thursday 12 December 2019, with 47,567,752 registered voters entitled to vote to elect members of...
Mortgage calculators are automated tools that enable users to determine the financial implications of changes in one or more variables in a mortgage financing...