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’ findings, we argue that Black households’ inability to access mortgages have deteriorated further in the post-GFC period.