The Current Recessions Impact On The Residential Mortgage...

RESEARCH PROJECT PROPOSAL 2014/2015 ‘Analysis of the current recessions impact on the residential mortgage market in the United Kingdom’ ROSS TYLER WHITING N0313007 This Research Project Proposal is submitted in part-fulfillment of the degree of BSc (Hons) in Planning and Development Nottingham Trent University, 2015 CONTENTS PAGE 1.0 WORKING TITLE 2.0 INTRODUCTION 3.0 RESEARCH GOALS 4.0 LITERATURE REVIEW 5.0 METHODOLOGY 6.0 DATA 7.0 LIMITATIONS 8.0 SUMMARY 1. WORKING TITLE 1.1 Analysis of the current recessions impact on the residential mortgage market in the United Kingdom. 2. AIM 2.1 The†¦show more content†¦4.4 What response has the mortgage market given to these consequences? 4.5 What has been done to deal with any impacts caused by the current recession on the mortgage market? 5. RATIONALE 5.1 The rationale behind this research project title is due to work experience undertaken over a fourteen-month period within the residential sales market, working closely with mortgages. The above working title is of interest due to many property transactions within the placement year not completing due to the unavailability of mortgages within the UK. 5.2 The motivation behind this research project comes from the current issues within the mortgage market, such as the decline of the availability of mortgages and affordability issues. As within a future career in developing these could be crucial factors to a development. 5.3 Furthermore, within the built environment the economic climate is a crucial topic that can affect both supply and demand of residential housing, and can have direct effects upon the availability of funds to develop. 6. CRITICAL LITERATURE REVIEW 6.1 A Critical Literature review will be undertaken to explore the existing literature relating to the recessions consequences and impacts upon the mortgage market. 6.2 Consequences of the current recession Scanlon Whitehead discuss the fall in the number of transactions within the housing market and how prices began to fall in December 2007 (Scanlon