5% Sample Survey of Building Society Mortgages, 1981

UKDA study number:2324

Principal Investigator

Department of the Environment

Sponsors

Department of the Environment
Building Societies Association

Distributed by

UK Data Archive, University of Essex, Colchester.

Bibliographic Citation

All works which use or refer to these materials should acknowledge these sources by means of bibliographic citation. To ensure that such source attributions are captured for bibliographic indexes, citations must appear in footnotes or in the reference section of publications. The bibliographic citation for this data collection is:

Department of the Environment, 5% Sample Survey of Building Society Mortgages, 1981 [computer file]. Colchester, Essex: UK Data Archive [distributor], 1988. SN: 2324, http://dx.doi.org/10.5255/UKDA-SN-2324-1.

Acknowledgement

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Copyright:
Crown copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland

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2324 . 5% Sample Survey of Building Society Mortgages, 1981

Depositor:

Department of the Environment

Principal Investigator:

Department of the Environment

Sponsors:

Department of the Environment
Building Societies Association

Other Acknowledgements:

The surveys were run by the DOE in co-operation with the Building Societies Association (BSA), although the survey was not confined to BSA members.

Abstract:

The 5% Sample Survey of Building Society Mortgage Completions (BSM) has been in existence since 1965. The Archive holds data from 1974.
Monthly returns, giving detailed information on a nominal 5% sample of all mortgage completions, have been submitted on a voluntary basis by most building societies to the Department of Environment who process the data on a quarterly basis.
The survey results have served as the offical source of statistics on the owner-occupied housing market, providing a wealth of information on mortgage advances, dwelling prices and the characteristics of borrowers and properties.
An increased share of the mortgage market being accounted for by other lenders and a widening range of mortgage products during the 1980s have necessitated change, leading to the BSM being succeeded by the Survey of Mortgage Lenders (SML) in 1992 (see GN: 33254).
An important consideration for users of the data is that the SML figures allow continuity with the BSM survey results to be maintained for a reasonable period.

Main Topics:

Building Society code, date mortgage completed, whether dwelling is wholly or partly occupied by borrower. Mortgage amount, whether solely for purchase of property, period of mortgage, gross rate of interest, repayment method. Purchase price and whether discounted in any way. Location of dwelling, whether new, age of dwelling, type, number of habitable rooms, whether garage, rateable value. Number and sex of borrowers, age of main borrower, basic income, other income, total income, whether applicant previously owner occupier, previous tenure, whether main borrower nominated by LA under support lending scheme.

Coverage:

Dates of Fieldwork: 1981
Country: United Kingdom
Spatial Units: No information recorded
Observation Units: Institutions/organisations

Universe Sampled:

Location of Units of Observation: National
Population: Mortage lenders in the United Kingdom.

Methodology:

Time Dimensions: Repeated cross-sectional study
annual
Sampling Procedures: Building Societies are divided into four strata according to the size of their assets. All the largest societies are asked to complete questionnaires on a sample of 5 per cent of their new mortgage advances. Mortgages are included if their reference numbers end in specified digits chosen so that every twentieth mortgage is selected. Societies in the next stratum are arranged in order of size of assets and alternate societies chosen each of which are asked to complete questionnaires on 10 per cent of their mortgages. In the next stratum 20 per cent of the mortgages of every fourth society are obtained. The smallest societies are completely excluded.
Number of Units: 29790 (obtained)
Method of Data Collection: Postal survey

Language(s) of Written Materials:

Study Description: English
Study Documentation: English

Access:

Access Conditions: The depositor has specified that registration is required and standard conditions of use apply. The depositor may be informed about usage. See terms and conditions for further information.
Availability: ESDS Access and Preservation, UK Data Archive
Contact: Help desk: help@esds.ac.uk

Date of First Release:

1988

Copyright:

Crown copyright material is reproduced with the permission of the Controller of HMSO and the Queen's Printer for Scotland

File last updated:

11 October 2011