Brexit wouldn’t shake up resilient UK mortgage market – Moody's

Ratings agency Moody's said today London’s housing market is the most sensitive to Brexit effect, but maintained UK mortgage market will stay resilient.

Key points

Consumer debt more vulnerable

London's housing market, of all the UK regions, is the most sensitive to Brexit effect

Brexit would not affect credit quality of auto ABS materially as they are stand-alone deals

Currency volatility uncertainty about UK's future relation with EU would suppress issuance, demand for UK securitisations