Reference Case Number: FOI12208
Freedom of Information: Right to know request:
1. The annual number and total value of mortgages issued in each of the last two years when the loan-to-value (LTV) ratio was 100% or higher.
2. If possible, I would appreciate it if you could break down the annual number and total value of these mortgages for each of the last two years by the following property value bands:
- Less than £500,000.
- Between £500,000 and £1,000,000.
- More than £1,000,000.
If you cannot answer both, can you please answer 1?
FCA response:
Question 1.
I have reviewed the 'Mortgage Lenders and Administrators Statistics', but they do not appear to include a specific category for LTV ratios at or above 100%.
Our response is below.
| Account Open Date | ||||
|---|---|---|---|---|
| 2023 | 2024 | |||
| Property Value Band | Number of Sales | Loan Value (£) | Number Of Sales | Loan Value (£) |
| £0 - £500,000 | 403 | 97,643,756 | 572 | 126,800,496 |
| £500,001 - £1,000,000 | 47 | 44,448,974 | 39 | 33,381,443 |
| £1,000,001 + | 20 | 67,238,522 | 11 | 36,835,068 |
| Grand Total | 470 | 209,331,252 | 622 | 197,017,007 |
Source: FCA Product Sales Data (PSD001)
Base: sales of all regulated mortgages with a reported loan-to-value ratio of 100% or higher.
Note: the above data is sourced from the FCA’s Product Sales Data and is therefore not directly comparable with data reported within the Mortgage Lending and Administration Return (MLAR) due to differences in methodology.