Design of Shared Appreciation Mortgage

Hu, Xiaoming (2006) Design of Shared Appreciation Mortgage. [Dissertation (University of Nottingham only)] (Unpublished)

[img] PDF - Registered users only - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (183kB)


This dissertation integrates the mathematical design of an efficient risk-free traditional mortgage (Ebrahim 2006) with that of an Islamic convertible mortgage (Ebrahim and Khan 2002) to present a model of the shared appreciation mortgage. It is an innovative home mortgage product which allows prospective homeowners to borrow at a below-market contract rate, in exchange for this they have to pay the lender a predetermined percentage of future house price appreciation. The model is designed by considering the mortgage as a combination of a credit facility and an American call option.

Item Type: Dissertation (University of Nottingham only)
Keywords: Shared Appreciation Mortgage, SAM
Depositing User: EP, Services
Date Deposited: 13 Apr 2007
Last Modified: 28 Sep 2016 21:26

Actions (Archive Staff Only)

Edit View Edit View