The demand for mortgage finance in the united kingdom
- 1 August 1983
- journal article
- research article
- Published by Taylor & Francis in Applied Economics
- Vol. 15 (4) , 521-530
- https://doi.org/10.1080/00036848300000021
Abstract
This paper examines the rationing behaviour of building societies in the United kingdom. Mortgage rationing is defined as the use of non-interest rate terms to allocate available funds and the empirical results indicate that the adjustment of such terms is significant in determining the demand for mortgage finance. In contrast with previous studies, the demand side of the mortgage market is disaggregated between first-time house buyers and existing owner-occupiers.Keywords
This publication has 4 references indexed in Scilit:
- Credit Rationing and the Home Mortgage MarketJournal of Money, Credit and Banking, 1980
- Interest and non-interest credit rationing in the mortgage marketJournal of Monetary Economics, 1975
- Building Societies' Behaviour, 1955-70National Institute Economic Review, 1972
- Savings and Loan Association Response to Monetary Policies, 1953-61: A Case Study in "Availability"Southern Economic Journal, 1965