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Bank of England mortgage stats

ended 08. March 2022

Each morning when I wake up, I say “hello world” and there's no response. Just the brutal and menacing silence of objects — a Sartrean hell. But that's got SFA to do with today's News Alert, which is about Bank of England mortgage data.

At 09:30 Threadneedle Street is publishing its Mortgage Lenders and Administrators Statistics for Q4 2021. It sounds as dull as ditchwater but is actually quite interesting. The questions I need you to answer are:

  • In your experience, was the share of mortgages advanced in 2021 Q4 with LTVs exceeding 90% higher or lower than in Q3, and what's happened in 2022 to date?
  • In your experience, in Q4 2021 were there more or less products with interest rates less than 2% above Bank Rate compared to Q3?
  • In your experience, were more or less mortgages advanced during the fourth quarter of 2021 compared to the third? And how active have lenders been in 2022 to date?
  • In your experience, did more or less mortgage holders fall into arrears in the fourth quarter of 2021 compared to the third? 

As ever, no need for an essay. Just a sentence or two for each question will do. If you're a Premium subscriber, your response will be edited by a seasoned hack.

 

1 responses from the Newspage community

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Rhys Schofield
Brand Director at Peak Mortgages and Protection
"Many prospective borrowers just aren't aware that 95% lending exists again. We're still getting approached by first-time buyers who think they need a 10% or 15% deposit, when 5% lending has been available for quite some time. Although rates crept up in the fourth quarter of last year, they raced up in the first two months of 2022. This won't show on the stats yet but prepare to see a big jump in the numbers when these are released in a few months' time. There has been no obvious slow-down or reduced appetite to lend from the banks. The issue is the lack of supply in the housing market, which is hindering transaction levels and continuing to drive prices upwards."