UK Mortgage Market 2017: Forecasts and Future Opportunities

Published: January 2018
No. of Pages: 43
    ReportsandReports

UK Mortgage Market 2017: Forecasts and Future Opportunities

Summary

While the market has recovered well since the financial crisis, often growing by a double-digit percentage year-on-year, rising economic uncertainties will dampen the prospects for future growth over the coming years. During 2017-21, gross advances are expected to record a CAGR of 5.7%, reaching £327.0bn by the end of the forecast period.

On the supply side, an increased supply of new homes, stamp duty relief for first-time buyers, and tighter controls on buy-to-let lenders will improve matters for first-time buyers by reducing investor demand for properties. Legislative changes in the buy-to-let sector such as higher stamp duty and stricter underwriting standards will act as a drag on future growth, in what has been the standout sector in the years since the financial crisis.

Political uncertainty arising from the Brexit negotiations has dampened the economy’s prospects. At the same time, real wages are shrinking as annual pay increases fail to keep pace with rising inflation. Combined with the rapid growth in consumer credit and ensuing high levels of household debt, this will limit the capacity of consumers to take on significantly higher levels of mortgage debt.

This report offers five-year gross lending forecasts for residential and niche mortgages up to 2021, along with a detailed examination of the various demand- and supply-side factors that will determine the market outlook. It offers insight into -
- The key macroeconomic, regulatory, and other factors that will drive the demand for and supply of mortgages over the next five years.
- The outlook for niche sectors, including buy-to-let, equity release, shared ownership, shared equity, and self-build.

Scope

- The impressive growth in buy-to-let lending as seen over the last few years has come to a sudden halt, and is unlikely to resume in the near future.
- Equity release continues to enjoy much success, with lending showing significant year-on-year growth. Prospects for further growth are healthy, with several years’ worth of property price rises leaving borrowers with plenty of capital value to unlock, while the cost of equity release products is falling.
- Lending on shared ownership properties will see huge percentage increases over the forecast period, largely off the back of the government’s new Affordable Homes Programme 2016-21. An estimated 135,000 shared ownership homes will be built under this scheme, thus fueling a boom in associated mortgage lending.

Reasons to buy

- Develop more targeted strategies through the analysis of key mortgage market developments.
- Inform your future plans with our five-year forecast of gross advances for niche product lines.
- Analyze trends with details of historic gross advances across a range of specialist mortgage sectors and product types.
- Benchmark yourself against competitors and ensure you remain competitive as new innovations begin to enter the market.
- Be prepared for how regulation will impact the mortgage market over the next few years.

Published By: GlobalData
Product Code: GlobalData42315


Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:

  • Global Life Insurance Policy Administration Systems Market Size, Status and Forecast 2025

    This report studies the global Life Insurance Policy Administration Systems market, analyzes and researches the Life Insurance Policy Administration Systems development status and forecast in United States, EU, Japan, China, India and Southeast Asia....

  • United States Cards and Payments Market Report 2018

    In this report, the United States Cards and Payments market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report splits the Unit...

  • United States Payment Smart Card Market Report 2018

    In this report, the United States Payment Smart Card market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report splits the Unit...

  • UK Consumer Credit 2017: Forecasts and Future Opportunities

    UK Consumer Credit 2017: Forecasts and Future Opportunities Summary "UK Consumer Credit 2017: Forecasts and Future Opportunities", report offers five-year gross lending forecasts for all major lines of consumer credit up to 2021, along with a d...

  • Payments Landscape in Slovakia: Opportunities and Risks to 2021

    Payments Landscape in Slovakia: Opportunities and Risks to 2021 Summary GlobalData’s "Payments Landscape in Slovakia: Opportunities and Risks to 2021", report provides detailed analysis of market trends in the Slovakian cards and payments indu...

  • Global ATM Machine Market Professional Survey Report 2018

    This report studies ATM Machine in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This...

  • Global Triennial OTC Derivatives Market Size, Status and Forecast 2025

    This report studies the global Triennial OTC Derivatives market, analyzes and researches the Triennial OTC Derivatives development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top player...

  • Global E-commerce Payment Market Size, Status and Forecast 2025

    This report studies the global E-commerce Payment market, analyzes and researches the E-commerce Payment development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global ma...

  • UK Insurance Aggregators 2018

    UK Insurance Aggregators 2018 Summary "UK Insurance Aggregators 2018", report explores consumer purchasing behavior through price comparison sites and how it is changing. It discovers what is most influential to customers when selecting a polic...

  • The Future of Bermuda Real Estate and Rental Markets to 2025

    Bermuda Real Estate and Rental of USD XX million in 2017 is expected to increase to USD XX million by 2022, at a CAGR of XX%. Driven by surge in market conditions and technological advancements, the Real Estate and Rental has witnessed strong growth ...


Why ReportsnReports.com?

  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: sales@reportsandreports.com Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest: