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House Price Simulation Methodologies for Lifetime Mortgage Loss Forecasts
MIAC compare the use of different house price simulation models for estimating losses from a typical lifetime mortgage (LTM) portfolio. A key component of the simulation approach to LTM modelling is simulating house prices over the long-term future that follows...
Lifetime Mortgages (Equity Release) – Finding a balance in the new age of ethical lending
Mortgage Introducer catches up with Dr Darrel Welch, managing director of Modelling and Analytics at MIAC Analytics about innovations in the lifetime mortgages arena. Page (40-41)...
Growth-proofing the equity release rebound
2021 was an explosive year for equity release. It saw a borrowing boom in the sector of 24%, with annual lending growing year-on-year from £3.86 to £4.8 billion to decidedly wipe out the record previously set in 2018 of £3.94bn. These are some fascinating, and at...
Banks Can No Longer Ignore Environmental Risks, Data Experts Show
EQUITY RELEASE has emerged in the past year as one of the fastest-growing sectors in banking. Given the term of mortgages involved, it should be looking to be in the vanguard of understanding and management of environmental-related risks. In the same year as the...
UK House Price Indices Suffer from Incomplete Sales Data
The Land Registry Price Paid Dataset provides a complete database of prices at which residential properties are transacted in England and Wales. Data is released with a two-month lag so that a dataset published on the nth month will contain transactions that took...
What is causing the disconnect between the recovery of London rental market and the continued trajectory outside the capital?
While rental prices have returned to their pre-pandemic high in London, the unprecedented and continuing rise in the rest of the country is surprising and difficult to explain. Data released by MIAC Property Analytics reveals rent prices in London fell by 5% during...
Climate Stress Test Insights
How can climate-informed stress testing support a more resilient global economy and society? This was the question that was recently discussed during the COP26 event: Climate-Informed Stress Testing for the Financial Sector, hosted by the UK Centre for Greening...
Inflated house prices wipe out stamp duty savings
Data shows that every region in the UK has experienced a rise in average sold property prices irrespective of the “saving” made from the stamp duty holiday. Analytics performed on house price index, powered by MIAC on sold house prices in June 2020, the last...
Case Study: IFRS9 Modelling
MIAC have been working with Dilosk to deliver an IFRS9 framework within Vision™, the Assets and Liability Management application within the wider MIAC Analytics™ software suite. This engagement includes the capability to run IFRS9 expected credit losses within the...