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UK Mortgages 2010
Datamonitor, Oct 2010, Pages: 250
Introduction
The UK Mortgage Market has been through a lot in the past two years. With the worst of the recession now over, funding is starting to return, house prices have stabilised and lenders are regaining confidence. However, with austerity measures on the way and a raft of proposed regulatory changes, the road to recovery is set to take some time.
Features and benefits
- Combines all of the mortgage research conducted in 2010 into one comprehensive document.
- Provides market sizing data, market shares, key trends, in-depth analysis of the buy-to-let sector, mortgage arrears and consumer trends.
- Includes detailed qualitative opinion and quantitative forecasts of the UK mortgage market for the next five years.
Highlights
- Total gross lending is predicted to stay fairly flat, reaching £153.7 billion in 2011 , before a more rapid recovery begins in 2012.
- The research confirms that arrears are not, at this stage least, a significant problem. Only 1% of mortgage holders questioned said that they had missed more than three payments over the previous 12 months. In contrast, 9% said they were overpaying to clear their balance more quickly.
- Santander was one of the best performers of 2009, as its share of gross lending rose from 14% in 2008 to 18% in 2009. This further increased to 20% in the first quarter of 2010, compared to 15% in Q1 2009. Similarly, HSBC’s share of the market rose more than three-fold, making it the biggest improver over this period.
Your key questions answered
- What is the overall state of the mortgage market, and how can my business plan ahead for future developments?
- How are other mortgage competitors faring in this difficult market, what new lenders do we need to look out for?
- When will mortgage funding improve, and how can we manage arrears and reposessions effectively?
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