Buy-to-let lending will consolidate its position as the dominant niche sector. Providers are either entering the market or expanding their presence, taking advantage of high demand from landlords and low perceived risks. Record high rental yields will help to underpin the market for many years to come.
Self-build lending is set for the highest growth rate of all sectors over the 2011-15 period. The market will benefit not only from rising consumer awareness, but also from proposed government measures to boost the sector, including cutting back on planning restrictions and compelling local councils to free more land for building plots.
Advances on high value loans (over £500,000 in value) will also experience healthy expansion over the forecast period. The downturn has had little impact upon HNW consumers and their capacity to borrow, and banks are keen to use high value mortgages as a tool for acquiring new customers.
Taken as a whole, the UK mortgage market in 2011 failed to improve on its 2010 performance, with no meaningful increase seen in gross advances. Despite this, some niche sectors have already started to recover, and can expect to grow at a fast rate relative to the overall market over the coming years. This product examines each sector in turn and provides growth forecasts.
- Provides details of historic gross advances across a range of specialist mortgage sectors and product types.
- Estimates future gross advances for each product line over a five year period, modelled across three different scenarios.
- Details how sectors will perform relative to one another in terms of market share.
Reasons to Buy
- How will gross lending fare across the main specialist mortgage sectors during 2011-15?
- Which sectors offer the best prospects and opportunities for expansion over the next few years?
- How have the market shares of each sector changed over the last five years, and how will develop in the future?
Click for Report details:UK Mortgage Market Map 2011