Insights on mortgage loan terms

Insights on mortgage loan terms

From Baby Boomers to Generation Y: borrower age differences have an impact on mortgage loan terms, but did you know that jurisdiction plays an important role as well?  

By analysing more than 7Mio RMBS loans across Europe, we were able to identify the differences among countries and for each generation.

In the below example, we focused on the Generation X  (people born between the mid 1960’s and the early 1980’s) and compared France vs. the UK:

Interesting Facts

  • The patterns of residential mortgage lending activity related to the borrowers’ age of the applicant differ between the two countries:
    • Mortgage loan terms, in France, range relatively short (between 10 and 20 years) for approximately 50 % of the borrowers
    • While in the UK  the loan term, approximately for 44% of this generation, averages between 25 and 30 years
      • In some cases, for 1.97% the loan is granted for 40 years

 

With our interactive map, you can have fun too.. check the trend of your generation across the rest of Europe