000			01497cam a2200241 4500
001			ABS68546
008			041207n2004 000 0 eng u
035			_a(Sirsi) u128219
100			_aSmith, J.
245			_aMortgage equity withdrawal and remortgaging activity
260			_c2004
490			_aHousing Finance _v(63) Autumn 2004, 8-21(14)
520			_aSurveys current Mortgage Equity Withdrawal (MEW), which occurs when households borrow against the equity in their property and remortgaging activity. Uses data from the ODPM's "Survey of English housing" (SEH) to provide top-level estimates of the amounts and methods of MEW and focuses on the remortgaging market, which last year represented 45% of all gross advances. Explores the extent and significance of serial remortgaging. Concludes that SEH data suggests that around a third of all households moving or remortgaging in the last five years withdrew equity but despite such high levels of MEW households' general equity position remained strong. Although there is little current evidence of serial remortgaging it is expected to increase over time and MEW will slow down. Charts and tables cover MEW estimates, aspects of equity withdrawal and remortgaging. References.
590			_aABS
590			_aABS
650			_aEQUITY WITHDRAWAL
650			_aMORTGAGE EQUITY WITHDRAWAL
650			_aREMORTGAGING
650			_aSERIAL REMORTGAGING
690			_aHOUSING-HOUSING FINANCE
700			_aVass, J.
942			_n0
999			_c118414 _d118414