Abstract
Overview
Introduction
The sub-prime mortgage market has come a long way since its beginnings,
emerging as a significant niche segment in the UK mortgage market. The
sub-prime mortgage market continues its expansion with yet another good year
in 2006. However, market dynamics are becoming more difficult and lenders need
to monitor its ongoing challenges.
Scope
- Sizes the UK sub-prime mortgage market and presents scenario-based five
year forecasts.
- Provides market share data for the major competitors in the sub-prime
mortgage market.
- Gives insight into the future challenges of the market and how lenders
could respond.
Report Highlights
The sub-prime mortgage market experienced another strong year of growth in
2006, expanding by 28 per cent in gross advances on the previous year' s level.
While the sub-prime mortgage population has fallen as a whole over the last
five years, it has been growing since 2004, which has helped to boost the
market.
The near-prime sector is currently the fastest growing segment of the
sub-prime mortgage market. In fact, whereas around five years ago the majority
of the market was for medium and heavily credit impaired individuals, the
market has now altered. Moreover, many lenders that cater to both segments
have experienced a shift to lower risk volumes.
As the market becomes increasingly saturated, lenders will need to look at new
ways of staying competitive. Indeed, lenders will need to look to
differentiation, and cost efficiency and funding will become crucial to
overall success. Moreover, as the market becomes increasingly saturated, many
lenders will look to expand into European markets.
Reasons to Purchase
- Understand how the market is changing and where the new opportunities lie.
- Gives you a competitive edge by providing you with a thorough analysis of
the UK sub-prime mortgage market.
- Draw on Datamonitor' s five-year scenario-based forecasts to plan your
future strategy with confidence.
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