Abstract
Overview
Introduction
The past few months have been hectic, to say the least, for the UK financial
services sector. The credit crunch has led to a number of lenders facing
liquidity issues as banks continue to refuse to lend money to each other.
Given the current difficult environment lenders are operating in, what are the
prospects for the UK mortgage market in the future?
Scope
- Provides the latest marking sizing figures for the UK mortgage market and
analyses industry trends in Q3 2007.
- Provides Datamonitor' s latest scenario based forecasts for the future of
the UK mortgage market.
- Provides a short update of regulations.
Report Highlights
Mortgage lenders advanced a total of £98.7 billion in gross lending in Q3
2007, representing an increase of 6.2% over 2006 levels (the previous highest
Q3 lending).
House prices fell in the last few months. Based on the Nationwide House Price
Index, house prices fell by 0.8% in November 2007, which brought down annual
house price growth to 6.9%.
The quarter of a million mortgage borrowers coming off their two- or
three-year short-term fixed rate product over the next few months will face a
' rate shock' . With lenders currently charging higher interest rates in current
market conditions, there is concern that arrears level and repossessions will
rise significantly.
Reasons to Purchase
- Review market performance in Q3 2007 to place your performance in context
to the market' s.
- View the latest independent annual forecasts for the UK mortgage market to
plan your future strategy with confidence.
- Understand the key challenges facing lenders in 2008 and the impact they
are having on the market.
View Cart
