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U.K. Mortgage Lending: Aggressive Competition Keeps Industry Under Pressure May 01 Product Image

U.K. Mortgage Lending: Aggressive Competition Keeps Industry Under Pressure May 01

  • ID: 1932078
  • May 2001
  • Region: United Kingdom, Great Britain
  • Standard & Poors

FEATURED COMPANIES

  • Bank of Scotland PLC
  • Barclays Bank PLC
  • Bradford & Bingley PLC
  • Bristol & West PLC
  • Halifax PLC
  • HSBC Bank PLC
  • MORE

Abstract
Aggressive competition for new residential mortgage lending continues to put U.K. residential mortgage lenders' performances under pressure. To date, the impact has mainly been felt through interest margins, reflecting the tighter pricing now used in the market. The decline in overall net interest margins recorded by U.K. mortgage lenders in recent years has been gradual, but this masks the true pressure on margins in the traditional business lines. Despite hopes by many market participants that the "end-game", if not the end, is in sight, mortgage margin pressures show few signs of abating. This is because many lenders are still prepared to offer discounted or loss-leading prices in order to attract business. Borrowers remain happy to take advantage of this by...

Companies mentioned in this report are:
- HSBC Bank PLC
- Bank of Scotland PLC
- The Royal Bank of Scotland PLC
- Barclays Bank PLC
- Halifax PLC
- Lloyds Bank PLC
- Santander UK PLC
- Woolwich PLC
- Bradford & Bingley PLC
- Nationwide Building Society
- Yorkshire Building Society
- Bristol & West PLC
- NRAM PLC
- Standard Life Bank PLC

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- - HSBC Bank PLC
- - Bank of Scotland PLC
- - The Royal Bank of Scotland PLC
- - Barclays Bank PLC
- - Halifax PLC
- - Lloyds Bank PLC
- - Santander UK PLC
- - Woolwich PLC
- - Bradford & Bingley PLC
- - Nationwide Building Society
- - Yorkshire Building Society
- - Bristol & West PLC
- - NRAM PLC
- - Standard Life Bank PLC

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