UK mortgage binge may give boost to flagging RMBS origination

The UK mortgage market has had its busiest year since 2007 following the government’s increase in the stamp duty threshold at the beginning of the pandemic, which could prove a source of prime UK RMBS supply in 2021.
Despite the outbreak of Covid-19, the value of new mortgages in 2020 at £78.9bn was 6.8% higher than in 2019, the highest level since Q3 of 2007, according to the Financial Conduct Authority.
Rising house sales allow borrowers to refinance, meaning that borrowers who sell their houses ...Already a subscriber? Login