Abstract
Overview
Introduction
2007 started brightly with gross lending in the UK mortgage market recording a
new peak in the first half. However, the later half of last year was marred by
liquidity issues, which have been carried over into 2008. This current year is
proving to be a very difficult one for the mortgage sector. What does the
future hold for this sector?
Scope
- This report consists of 7 UK mortgage briefings published individually
between November 2007 and July 2008.
- Focuses on hot topics in the UK mortgage market such as funding issues and
competitor strategies.
- Provides forecasts under three scenarios.
- Accompanying Excel data pack and PowerPoint Executive Summary.
Report Highlights
Due to the continuous lack of liquidity, lenders continue to rationalize
lending, focusing on good quality business. With lesser appetite for riskier
lending, lenders have significantly raised the level of deposit required from
mortgage customers.
There are but a handful of lenders that offer a green mortgage product. Out of
a total of 120 active lenders, only five offer a true green mortgage: a
staggeringly small 4% of the market.
With fewer products available on the market and consumer demand remaining
strong, the dynamics are changing. Lenders are currently in a position where
they can charge higher prices without this affecting demand. In fact, many
lenders are seeing an excess of demand for their products despite increasing
interest rates on their products.
Reasons to Purchase
- Plan your future strategy with confidence using Datamonitor' s
scenario-based forecasts of UK residential mortgage gross advances to 2012.
- Understand the challenges the mortgage industry is facing.
- In-depth analysis of how lenders are coping with a number of issues
allowing you to reassess your strategy.
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