Household Access to Mortgages in the UK

Alper Kara; Philip Molyneux

doi:10.1007/s10693-016-0246-1

Household Access to Mortgages in the UK

Alper Kara, Philip Molyneux

Bangor Business School

Loughborough University

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Abstract

We employ the propensity score matching approach to investigate household access to mortgages in the UK using information on 29,732 households between 2003 and 2010. We find that, on average, the probability of obtaining a mortgage is similar for White and Non-White households. However, we find that Black households with low incomes are less likely to have mortgages compared to White households with similar characteristics. Asian households, in contrast, do not seem to have a lower probability of having a mortgage.

Original language	English
Pages (from-to)	253-275
Journal	Journal of Financial Services Research
Volume	52
Issue number	3
Early online date	11 Apr 2016
DOIs	https://doi.org/10.1007/s10693-016-0246-1
Publication status	Published - Dec 2017

Keywords

Mortgage
Racial origin
Propensity score matching

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10.1007/s10693-016-0246-1

2016 Household Access to Mortgages in the UKFinal published version, 412 KBLicence: CC BY

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Household Access to Mortgages in the UK

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