Abstract
Overview
Introduction
The UK self-certification mortgage market has grown significantly in recent
years, partly due to changes in lifestyle. But how much of this growth can be
accounted for ' true' self-cert? Moreover, what are the major issues affecting
this sector? How competitive is it? This report provides the answers.
Scope
- Sizes the self-certification mortgage market in terms of gross advances.
- Analyses market trends in the self-certification mortgage markets.
- Examines the competitive structure of the market and looks at how the
competitive environment has evolved over the past five years.
- Provides a five-year forecast for self-certification mortgages.
Report Highlights
The self-certification mortgage market recovered in 2006 after a slight fall
in new lending in 2005. Take-up of self-certification mortgages continues to
be dominated by the self-employed and contract workers, implying that this
niche market is at a greater risk if the UK economy takes a downturn.
The self-certification mortgage market is served primarily by specialist
lenders who distribute their products through intermediaries. This niche
sector is becoming increasingly competitive due to internal competition from
specialist lenders as well as external competition from mainstream lenders
offering fast-track mortgages.
The self-certification mortgage market remains a popular segment for lenders
despite receiving bad publicity in the past. The market has adapted well to
new regulations and products are becoming more flexible. There is an
increasing need for self-certification mortgages since consumers work lives
are evolving and becoming less conforming.
Reasons to Purchase
- Gives you a competitive edge by sizing the UK self-certification mortgage
market for 2006.
- Provides the market share of the leading lenders in the self-certification
mortgage market.
- Draw on Datamonitor' s five-year scenario-based forecasts to plan your
future strategy with confidence.
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