Sunday, February 6, 2011

UK Mortgage Market Outlook: Q1 2009


UK Mortgage Market Outlook: Q1 2009

Buy Now  : Market Research
Introduction
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.

UK Mortgage Market Outlook: Q1 2009

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 Datamonitor’s latest gross lending forecasts for the period 2010-2014.
Highlights
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.
Reasons to Purchase
  • 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 Datamonitor’s forecasts to help inform your future plans.

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