Enumeration | Definition |
---|---|
Buy to let | Not owner-occupier. Includes consent-to-let. Defined as a subset of the COREP exposures classes: a) On IRB: subset of 'of which: secured by real estate property, non-SME' of which buy to let. b) On standardised: i) subset of 'secured by mortgages on immovable property' of which retail buy to let. ii) a subset of exposures in default, in particular those relating to buy to let mortgages. |
Mainstream | Refers to exposures to mainstream mortgages, these are other owner-occupier mortgages other than those within self certified and sub prime. Defined as a subset of the COREP exposures classes: a) On IRB: subset of 'of which: secured by real estate property, non-SME' of which mainstream. b) On standardised: i) subset of 'secured by mortgages on immovable property' of which retail mainstream. ii) a subset of exposures in default, in particular those relating to mainstream mortgages. |
Other mortgages | Refers to exposures to other mortgages not included within other mortgages, self certified, sub prime and buy to let. Defined as a subset of the COREP exposures classes: a) On IRB: subset of 'of which: secured by real estate property, non-SME' of which other mortgage. b) On standardised: i) subset of 'secured by mortgages on immovable property' of which retail other. ii) a subset of exposures in default, in particular those relating to other mortgage mortgages. |
Self certified | The borrower certifies their own income and no independent verification is sought. Defined as a subset of the COREP exposures classes: a) On IRB: subset of 'of which: secured by real estate property, non-SME' of which self certified. b) On standardised: i) subset of 'secured by mortgages on immovable property' of which retail self certified. ii) a subset of exposures in default, in particular those relating to self certified mortgages. |
Sub prime | If the borrower is reported as having an 'impaired credit history' as defined by MLAR. Defined as a subset of the COREP exposures classes: a) On IRB: subset of 'of which: secured by real estate property, non-SME" of which sub prime. b) On standardised: i) subset of 'secured by mortgages on immovable property' of which retail sub prime. ii) a subset of exposures in default, in particular those relating to sub prime mortgages. |