British Banking News: Fewer Mortgages, Home Loans as Virus Furlough Schemes Stop - Bloomberg
... One in six mortgage holders has already paused
their repayments. Regulators, meanwhile, say they don’t know how much was
loaned to those most at risk of losing their jobs in the downturn: the workers
in the booming gig economy.
...some
borrowers spend 55% of their household income on home-loan repayments
...Home
loans of more than 30 years rose to 29% of the market in 2018 from about 19% in
2015 and 8.2% in 2010 to reduce monthly repayments.
...A
desktop stress test from the Bank of England suggested house prices may fall
16% in the virus-wracked economy.
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