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Viewing report
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UK Mortgage Intermediary Distribution 2010
Datamonitor, March 2011, Pages: 106
2010 proved to be another challenging year for the overall mortgage market and for the intermediary sector in particular. Intermediaries had to deal with the declining volumes of business, falling market share as a result of the focus on direct distribution, and uncertainty over the shape of proposed regulation of mortgage distribution.
Scope of the report:
- Presents findings from the Intermediary Distribution Survey to highlight the key trends and issues facing intermediaries.
- Provides an overview of the main developments in the mortgage market and intermediary sector in 2010.
- Analyzes the market context in which mortgage intermediaries operate.
- Provides forecasts for the value of gross lending conducted via the intermediary channel, and for intermediary market share.
Highlights:
- The mortgage intermediary sector continued to contract in 2010, with many members exiting the industry due to a lack of viability. This was the result of gross lending volumes falling across all lines of business, adversely affecting income levels. However, the sector is now leaner, fitter and more efficient as a result of these changes.
- Intermediaries remain pessimistic, expressing concern about poor consumer demand, the weakness of the economic recovery and stagnant property prices. They also feel that their share of the market will continue to fall, and are less inclined than last year to expect the value of business they handle to increase.
- Brokers are adapting their business models to survive in the current climate and to address the impact of dual pricing. Fee charging will start to supersede commission-based models, allowing intermediaries to advise on the whole of the market. Diversification into other products and services, such as financial planning, has become commonplace.
Reasons to buy:
- Gain an insight into the views, opinions and concerns of intermediaries.
- Understand the consequences of the ongoing downturn in the mortgage market for the intermediary sector.
- Use forecasts to help plan your future distribution strategies.
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