Research and Markets: UK Mortgages 2010: UK Mortgage Market in 2009 and Future Outlook

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/98a4a2/uk_mortgages_2010) has announced the addition of the "UK Mortgages 2010: UK Mortgage Market in 2009 and Future Outlook" report to their offering.

The mortgage market experienced an extremely turbulent phase in the first half of 2009 in the wake of the credit crunch.. However, the first tentative signs of recovery started to emerge at the end of the year, and there will continue to be slow but steady improvement in 2010, as the supply of credit starts to ease and more competitive products are introduced by lenders.

Scope

• Describes the macroeconomic and regulatory environment in which the mortgage market operates.
• Analyses the influence of factors such as interest rates, funding issues, regulation and property prices upon the mortgage market.
• The gross lending forecasts for the period 2010-2014.

Highlights of this title

• The supply of mortgage credit remains constrained by the lack of wholesale funding, affecting specialist lenders particularly hard. The trade in mortgage-backed securities is only just starting to recover, and will only be able to provide limit support for the market in 2010.
• Remortgaging activity will continue to be depressed by the low base rate, which is not expected to rise significantly in 2010. Until interest rates do increase appreciably, consumers will have little incentive to move off lenders' standard variable rates and onto new deals.
• Despite a marginal improvement in the availability of higher loan-to-value products in recent months, first time buyers continue to find it very difficult to purchase properties. They either need to find large deposits, or rely on parental or other third party support to secure mortgage finance.

Key reasons to purchase this title

• Understand the key factors that will drive the mortgage market in 2010 and beyond.
• Assess the prospects for an increase in lending activity in 2010.
• Use The forecasts to help inform your future plans.

Key Topics Covered:

• The market was in turmoil at the start of 2009, but ended the year in slightly better shape
• Gross lending continued to fall in 2009
• Macroeconomic factors played a major role in suppressing demand for mortgages
• The economy contracted throughout most of 2009
• The base rate remains at a historically low level
• Gross lending was subdued throughout 2009, but was slightly higher in the second half of the year
• The low base rate has severely reduced the demand for remortgaging
• Remortgaging suffered the largest fall of all types of mortgage in 2009
• Bank of England data confirm the collapse in demand for remortgage credit
• The supply of mortgage credit has yet to recover convincingly following the banking crisis
• Q1 2009: there was a continuation of the tightening of supply seen throughout 2008
• Q2 2009: the availability of credit rose for the first time since the survey began in Q2 2007
• Q3 2009: a slight relapse saw credit availability diminish a little
• Q4 2009: credit availability increased once again
• The number of mainstream mortgage products has improved slightly over the last 12 months
• The wholesale funding drought has had a huge impact on specialist lending
• The RMBS market has barely started to recover from the aftermath of the credit crunch
• The end of Bank of England and government support could jeopardize market recovery
• + many more

For more information visit http://www.researchandmarkets.com/research/98a4a2/uk_mortgages_2010

Source: Datamonitor

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Research and Markets
Laura Wood, Senior Manager
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KEYWORDS:   United Kingdom  Europe

INDUSTRY KEYWORDS:   Professional Services  Finance  Other Professional Services

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