Publication type
Journal Article
Authors
Publication date
June 1, 2014
Summary:
This paper presents empirical evidence of regional variations in mortgage choice decisions within the UK's mortgage sector. Utilizing British Household Panel Survey (BHPS) data for the years 2001, 2007 and 2008, the paper 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.
Published in
Regional Studies
Volume and page numbers
Volume: 48 , p.1 -1
DOI
http://dx.doi.org/10.1080/00343404.2012.750426
ISSN
343404
Subjects
Notes
Not held in Research Library - bibliographic reference only
Online in Albert Sloman Library, except current 12 months
#522447