How big is the total mortgage debt in the uk? .. and a few other questions

homelessskilledworker

Wonder if someone out there has some decent data and could help me out with a little research I am doing

1. How big is the total mortgage debt in the UK

2. How many mortgaged properties are there in the UK

3. How many IO mortgages are there

4. Any arrears data, I have done the usual google search as with a few of my other queries, quite conflicting.

5. How many mortages taken on since 2005

6. How many mortgages taken on since 2007

Thanks

DervProf

www.creditaction.org.uk

You might find some answers there, when it comes back online.


It's back now, try this.......

http://www.creditaction.org.uk/helpful-resources/debt-statistics.html

HAMISH_MCTAVISH

HAMISH_MCTAVISH

HAMISH_MCTAVISH

The following chart is a good visual for negative equity. Just remember prices are currently 10% or so below peak, as opposed to the 5% in the chart.

homelessskilledworker

Does anyone have any data also on the following..

1. How much personal debt has been written off(any kind inclusing personal and mortgage)

2. Is there anyway of calculating rent arrears(I am sure social housing will be easy enough to find), but can't see there being accurate data with BTL.

HAMISH_MCTAVISH

homelessskilledworker wrote: »

Does anyone have any data also on the following..

1. How much personal debt has been written off(any kind inclusing personal and mortgage)

Generali would be your best bet for that one.

2. Is there anyway of calculating rent arrears(I am sure social housing will be easy enough to find), but can't see there being accurate data with BTL.

Social? No idea.

Private rents as follows:

Total late rent, even if only a day late, = 9.3% - although that is now falling both month on month and year on year

Severely late rent, 2 months in arrears = 2.4%

Generali

homelessskilledworker wrote: »

Does anyone have any data also on the following..

1. How much personal debt has been written off(any kind inclusing personal and mortgage)

Without wishing to be obtuse, it depends what you mean by 'written off'. There is some debt that banks have to write off (e.g. because the borrower is bankrupt or dead) and some that they write off because they can't find the borrower. More often banks will sell bad debts on in various ways. If a bank sells on bad debt then they are effectively writing off the difference between the 'net present value' of the debt and the price they are getting for it. I don't think those figures are captured except possibly in the BBA's Orange Book. Your library might have a copy.

The BoE keeps some stats in table C2.1 (link) select March as the month and topic C - Further analyses of deposits and lending

According to that the data are as follow for Q4 2011. Total write offs to individuals was £1,481,000,000 and to companies was £1,963,000,000. Total write offs for 2011 totaled £6,854,000,000 to individuals and £8,000,000,000 odd to companies.

HAMISH_MCTAVISH

Generali wrote: »

Without wishing to be obtuse, it depends what you mean by 'written off'.

I assumed this one would be complicated.

Total write offs for 2011 totaled £6,854,000,000 to individuals .

But to be clear, that does not mean that all or some of the debt was ultimately unrecoverable?

Just that the bank took a charge against it in that period?

And as I'm now curious, what is the total value of all debt to individuals? And does the "individuals" part include, say, business debt to a sole trader?

Generali

HAMISH_MCTAVISH wrote: »

I assumed this one would be complicated.



But to be clear, that does not mean that all or some of the debt was ultimately unrecoverable?

Just that the bank took a charge against it in that period?

And as I'm now curious, what is the total value of all debt to individuals? And does the "individuals" part include, say, business debt to a sole trader?

To quote from the BoE's definitions for C2.1:

The data in Table C2.1 relate to lending by UK banks and building societies only, and do not cover loans by other lenders. Prior to 2008, the data only covered write-offs by UK banks. “Write-offs” do not include provisions against bad debts, or impairment charges, although it is likely that most loans written off will have been provided for previously.

(my bold)

The amount written off that is loans to sole traders (rather than individuals with a Limited Liability Company) is under the 'Unincorporated Businesses' section directly which totaled £289,000,000 for the year. However, the reality of small business is that a lot of it will be financed via remortgaging the house, using unsecured loans or on credit cards.