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Real estate and mortgage finance in England and the Low Countries, 1300-1800

Van Bochove, Christiaan; Deneweth, Heidi and Zuijderduijn, Jaco LU (2015) In Continuity and Change 30(1). p.9-38
Abstract

Mortgage markets in developing economies, both past and present, are often confined to social networks between private individuals. The inadequate registration of ownership of and encumbrances on borrowers' real estate has been offered as a reason for this, but it is questionable whether such registration provides either a simple or a complete explanation. This paper analyses mortgage markets between 1300 and 1800 in the Low Countries, where such registration was organised well, and England, where such registration was poorly organised. These historical cases show that registration was important for the emergence of broad mortgage markets but in the historical context successful markets took considerable time to appear. The rise of such... (More)

Mortgage markets in developing economies, both past and present, are often confined to social networks between private individuals. The inadequate registration of ownership of and encumbrances on borrowers' real estate has been offered as a reason for this, but it is questionable whether such registration provides either a simple or a complete explanation. This paper analyses mortgage markets between 1300 and 1800 in the Low Countries, where such registration was organised well, and England, where such registration was poorly organised. These historical cases show that registration was important for the emergence of broad mortgage markets but in the historical context successful markets took considerable time to appear. The rise of such markets also required changes in the mortgage laws and often depended on intermediaries for matching borrowers and lenders.

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Please use this url to cite or link to this publication:
author
publishing date
type
Contribution to journal
publication status
published
subject
keywords
economic history, mortgage lending, ownership, property market
in
Continuity and Change
volume
30
issue
1
pages
30 pages
publisher
Cambridge University Press
external identifiers
  • Scopus:84929233338
ISSN
0268-4160
DOI
10.1017/S0268416015000107
language
English
LU publication?
no
id
cf914171-436b-447e-bc70-7cb09899dc2d
date added to LUP
2016-09-15 15:56:10
date last changed
2016-09-23 10:25:21
@misc{cf914171-436b-447e-bc70-7cb09899dc2d,
  abstract     = {<p>Mortgage markets in developing economies, both past and present, are often confined to social networks between private individuals. The inadequate registration of ownership of and encumbrances on borrowers' real estate has been offered as a reason for this, but it is questionable whether such registration provides either a simple or a complete explanation. This paper analyses mortgage markets between 1300 and 1800 in the Low Countries, where such registration was organised well, and England, where such registration was poorly organised. These historical cases show that registration was important for the emergence of broad mortgage markets but in the historical context successful markets took considerable time to appear. The rise of such markets also required changes in the mortgage laws and often depended on intermediaries for matching borrowers and lenders.</p>},
  author       = {Van Bochove, Christiaan and Deneweth, Heidi and Zuijderduijn, Jaco},
  issn         = {0268-4160},
  keyword      = { economic history,mortgage lending, ownership,property market},
  language     = {eng},
  month        = {05},
  number       = {1},
  pages        = {9--38},
  publisher    = {ARRAY(0xb158898)},
  series       = {Continuity and Change},
  title        = {Real estate and mortgage finance in England and the Low Countries, 1300-1800},
  url          = {http://dx.doi.org/10.1017/S0268416015000107},
  volume       = {30},
  year         = {2015},
}