Abstract
Overview
Introduction
This report provides insight on bank attitudes to sub-prime lending in Europe,
along with how these markets are changing and where the opportunities lie for
lenders.
Scope
- Analyses factors that are inhibiting growth in some markets and studies
some of the particularly attractive emerging sub-prime markets in detail
- Profiles some of the major specialists in Europe
- Uses Datamonitor' s European Branch Manager Survey 2006, consisting of 500
interviews with branch managers across Europe
- Measures mainstream banks' attitudes to sub-prime lending
Report Highlights
Following on from the launch of sub-prime lending in the US, the UK sub-prime
mortgage market began to develop in the mid-1990s The UK sub-prime mortgage
market has since expanded significantly, and now offers a wide variety of
choices, including different repayment options, interest rates, and payment
holidays.
Ireland is fast becoming a more competitive sub-prime lending market, with a
number of lenders (and UK lenders) in the market, including CitiFinancial, HFC
Bank, Start Mortgages, and GE Money. Moreover, investment banks are entering
the market, as well as the announcements that some mainstream lenders will
also become involved.
The development of sub-prime lending is linked to a competitive and often
times a saturated mainstream lending market, yet there are a number of other
factors that also have to be weighed into the equation. A country needs to
have a large enough sub-prime population, the right regulatory climate, enough
credit information available, among others.
Reasons to Purchase
- Plan your strategy knowing what other competitors are doing
- Understand the intricacies of each sub-prime lending market in Western
Europe and the degree to which each can be tapped into
- Identify current best practice in the industry, and what other steps
lenders are likely to take
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