Determinants of outstanding mortgage loan to value ratios: evidence from the netherlands
This paper studies the determinants and behavior of outstanding mortgage loan to value (LTV) ratios for a panel data set of 5,179 households over the period 1992-2005. We find that outstanding LTVs are driven by household characteristics, life-cycle effects and mortgage type characteristics. LTV declines with the time elapsed since mortgage commencement, but its level is consistently higher (by around 10%) for non-repayment mortgages (such as interest-only or endowment mortgages) than for repayment mortgages (such as linear or annuity mortgages). The difference results from higher debt capacit... Mehr ...
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Dokumenttyp: | conferenceObject |
Erscheinungsdatum: | 2011 |
Schlagwörter: | Housing finance / Mortgages / Leverage choice |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26828873 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10400.14/5368 |