Ethnic minorities' access to mortgages in the UK: The undesirable impact of the Great Financial Crisis

Solomon Y. Deku; Alper Kara; Kay Smith; Mengxue Xia

doi:10.1016/j.frl.2021.102183

Ethnic minorities' access to mortgages in the UK: The undesirable impact of the Great Financial Crisis

Solomon Y. Deku, Alper Kara, Kay Smith, Mengxue Xia

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Abstract

We examine whether households from ethnic minorities have the same ability to access mortgages in the UK in the period after the Great Financial Crisis (GFC) of 2007-2009. Using a large sample of 20,120 households, we find that Black households are less likely to obtain mortgages in comparison to economically similar White households. Comparing our results to previous studies’ findings, we argue that Black households’ inability to access mortgages have deteriorated further in the post-GFC period.

Original language	English
Article number	102183
Number of pages	8
Journal	Finance Research Letters
Volume	45
Early online date	29 May 2021
DOIs	https://doi.org/10.1016/j.frl.2021.102183
Publication status	Published - 1 Mar 2022

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DKSX_11112020Accepted author manuscript, 632 KBLicence: CC BY-NC-ND

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title = "Ethnic minorities' access to mortgages in the UK: The undesirable impact of the Great Financial Crisis",

abstract = "We examine whether households from ethnic minorities have the same ability to access mortgages in the UK in the period after the Great Financial Crisis (GFC) of 2007-2009. Using a large sample of 20,120 households, we find that Black households are less likely to obtain mortgages in comparison to economically similar White households. Comparing our results to previous studies{\textquoteright} findings, we argue that Black households{\textquoteright} inability to access mortgages have deteriorated further in the post-GFC period.",

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AU - Xia, Mengxue

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N2 - We examine whether households from ethnic minorities have the same ability to access mortgages in the UK in the period after the Great Financial Crisis (GFC) of 2007-2009. Using a large sample of 20,120 households, we find that Black households are less likely to obtain mortgages in comparison to economically similar White households. Comparing our results to previous studies’ findings, we argue that Black households’ inability to access mortgages have deteriorated further in the post-GFC period.

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Ethnic minorities' access to mortgages in the UK: The undesirable impact of the Great Financial Crisis

Abstract

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