JSB Market Research - Mortgage Lending in the UK Key Trends and Opportunities to 2018
Mortgage Lending in the UK Key Trends and Opportunities to
2018
rd
On 3 June 2014
Synopsis
The report provides market analysis, information and insights into the UK mortgage lending market
It provides a snapshot of market size and market segmentation
It offers a comprehensive analysis of gross lending, approvals, balances outstanding, housing market drivers and market outlook
It analyzes distribution channels
It outlines deals, news and regulatory developments
Summary
Mortgage lending activity continued to grow during the recessionary review period, with gross lending rising at a compound annual growth rate (CAGR) of 5.24% during the review period
(20092013), to a five-year high of GBP176.4 billion in 2013. The balance outstanding on a book of 13.96 million UK mortgage accounts stood at GBP1.28 trillion at the end of 2013.
Despite the contraction in economic growth, slow earnings growth, and a rise in unemployment and redundancies during the review period, demand for mortgages was supported by first-time buyers and buy-to-let investors. First-time buyers benefited from ongoing policy stimuli in the form of Help to Buy equity loans and a portion of high loan-to-value mortgages underwritten by the government. Buy-to-let lending was fuelled by easy access to interest-only loans and high yields in the rental market.
Email ID- contact@jsbmarketresearch.com
Tel No- 91 2241236650
Published by- http:/www.jsbmarketresearch.com/
Mortgage affordability eased during the recession as the Bank of England reduced its policy interest rate to a record-low of 0.5% in 2009, and Funding for Lending provided 18 months of access to cheap bank finance. This prompted retail lenders to lower interest rates on tracker and fixed-rate mortgages during the review period, leading to lower-value loan repayments from 2009 onwards. At the same time, however, the availability of mortgages was stifled by a heightened wariness towards risk.
2018
rd
On 3 June 2014
Synopsis
The report provides market analysis, information and insights into the UK mortgage lending market
It provides a snapshot of market size and market segmentation
It offers a comprehensive analysis of gross lending, approvals, balances outstanding, housing market drivers and market outlook
It analyzes distribution channels
It outlines deals, news and regulatory developments
Summary
Mortgage lending activity continued to grow during the recessionary review period, with gross lending rising at a compound annual growth rate (CAGR) of 5.24% during the review period
(20092013), to a five-year high of GBP176.4 billion in 2013. The balance outstanding on a book of 13.96 million UK mortgage accounts stood at GBP1.28 trillion at the end of 2013.
Despite the contraction in economic growth, slow earnings growth, and a rise in unemployment and redundancies during the review period, demand for mortgages was supported by first-time buyers and buy-to-let investors. First-time buyers benefited from ongoing policy stimuli in the form of Help to Buy equity loans and a portion of high loan-to-value mortgages underwritten by the government. Buy-to-let lending was fuelled by easy access to interest-only loans and high yields in the rental market.
Email ID- contact@jsbmarketresearch.com
Tel No- 91 2241236650
Published by- http:/www.jsbmarketresearch.com/
Mortgage affordability eased during the recession as the Bank of England reduced its policy interest rate to a record-low of 0.5% in 2009, and Funding for Lending provided 18 months of access to cheap bank finance. This prompted retail lenders to lower interest rates on tracker and fixed-rate mortgages during the review period, leading to lower-value loan repayments from 2009 onwards. At the same time, however, the availability of mortgages was stifled by a heightened wariness towards risk.