[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/boe/qbullt/0270.html
   My bibliography  Save this article

The buy-to-let sector and financial stability

Author

Listed:
  • Zemaityte, Gabija

    (Bank of England)

  • Hughes, Elle

    (Bank of England)

  • Blood, Katherine

    (Bank of England)

Abstract
This Bulletin reviews developments in the UK buy-to-let (BTL) market and analyses the channels through which the sector could present financial stability risks. We define the BTL sector as properties that are privately rented and owned with an outstanding mortgage. Some 19% of UK households are private renters, and about 45% of them live in a home with a BTL mortgage. Overall, the BTL market makes up a modest share of the UK’s housing stock – about 9% by number. But it represents a significant financial asset for many landlords and amounts to about £300 billion of outstanding mortgage debt concentrated in systemically important UK banks, equivalent to about 18% of the overall mortgage market.

Suggested Citation

  • Zemaityte, Gabija & Hughes, Elle & Blood, Katherine, 2023. "The buy-to-let sector and financial stability," Bank of England Quarterly Bulletin, Bank of England, vol. 63(1), pages 3-3.
    • Handle: RePEc:boe:qbullt:0270
    as

    Download full text from publisher

    File URL: https://www.bankofengland.co.uk/quarterly-bulletin/2023/2023/the-buy-to-let-sector-and-financial-stability
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:boe:qbullt:0270. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Publications Group (email available below). General contact details of provider: https://edirc.repec.org/data/boegvuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.