The cautious recovery in gross lending in the latter part of 2009 has not been sustained in 2010. One-off factors such as the end of the stamp duty holiday and the general election have combined with longer-term issues such as restricted funding and lack of demand for remortgaging to depress lending.
Scope
- Provides an evaluation of the market and industry trends up to Q1 2010.
- Analyses the influence of factors such as interest rates, funding issues and property prices upon the mortgage market.
- Sets out The latest gross lending forecasts for the period 2010-2014.
Highlights of this title
UK gross lending in Q1 2010 amounted to only £30 billion, lower even than in Q1 2009 and 64% below the level seen in Q1 2007.
Despite the difficult conditions, some lenders have started to bring new products to market, such as hybrid fixed/variable rate mortgages and high loan-to-value mortgages at more competitive rates than were previously available.
Wholesale funding continues to gradually ease, with a handful of new issues of residential mortgage-backed securities. Improving conditions have led some specialist lenders to re-enter the market, particularly in the buy-to-let sector.
Key reasons to purchase this title
- Understand the key issues that will drive the mortgage market in 2010 and beyond.
- Assess the prospects for an increase in lending activity over the next few years.
- Use The forecasts to help inform your future plans.
