UK Mortgage Market Competition Analysis REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “UK Mortgage Market 2017: Forecasts and Future Opportunities”, provides a comprehensive analysis of UK mortgage market overview, sluggish wage growth, less consumer spending limit, government introduced schemes, hike in interest rates, and untouched mortgage rates may witness a slight growth in mortgage market in UK. Mortgage Market Overview in UK: Mortgage market offers loans to people or organizations to purchase property which are later traded as asset-backed securities by financial institutions. United Kingdom has witnessed a weak economic growth and a fall in unemployment rate with stagnant productivity that led to a sluggish wage growth. This has led to consumer’s lower spending power and is likely to continue in the current year with rise in inflation. It was observed that the UK consumers are saving less rather than borrowing and the growth in personal deposits has slowed along with consumer credit borrowing. The housing market activity is growing modestly with the first-time buyers opting for new-build properties using the Help to Buy equity loan scheme. UK government has planned schemes that aimed predominantly at first-time buyers who can boost the number of purchases in housing market. The government schemes are less benefitting and majority of the consumers are struggling to find suitable homes. Such consumers are not putting their own homes up for sale due to less benefit. The UK government intervention coupled with its regulations in buy-to-let space has led to a declined market. The remortgage category has witnessed a strong competition and low funding costs that meant an increasing number of home-owners are taking advantage of the low mortgage rates. Economists Words: The economists in UK are warning that the decline in mortgage market could be the start of a downturn in the UK housing market. It was observed that the mortgage approvals have declined drastically over the past few months. UK economist at consultancy Pantheon Macroeconomics, says that the decline in mortgage market is due to the Bank of England’s decision to raise the interest rates. It was estimated that increase in the interest rates is the biggest downtrend in the mortgage market in UK because consumer’s confidence has weakened. However, the cut in stamp duty may witness a slight growth in the mortgage market in UK and the price of the houses may increase. The hike in interest rates will affect the housing market activity but the mortgage rates are still at historically very low levels. Therefore, untouched mortgage rates could have any significant effect on housing market psychology. Leading Players and Future of UK Mortgage Market: The leading companies in UK’s Mortgage market are Stafford Railway Building Society and Tipton & Coseley Building Society, Al Rayan Bank, Mortgagegym, NatWest, Secure Trust Bank, The Mortgage Lender, Foundation Home Loans, Vida Homeloans and Masthaven, and Pepper Homeloans. An increased supply of new homes, stamp duty relief for first-time buyers, and tighter controls on buy-to-let lenders matters for first-time buyers by reducing investor demand for properties will witness an improvement in the mortgage market in the UK. The political uncertainty has dampened the country’s economy prospects. With shrinkage in real wages, rapid growth in consumer credit and high levels of household debt will limit the consumer’s capacity to opt for higher levels of mortgage debt over the coming years. To know more, click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/uk-mortgage-market-2017-forecasts-and-future-oppo/142698-93.html For related reports click below: Australian Mortgage Market: Forecasts and Future Opportunities 2016 Indonesia Car Finance Market by Type (New and Used Passenger and Commercial Cars), by Tenure of Loan, by Banks, Captive and Non Captive Institutions – Outlook to 2021 Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications ankur [@] kenresearch.com +91-9015378249 www.kenresearch.com Post Views: 3 Tags: Home Loan Market in the UK, Housing schemes in the UK, Rental Property Rates in the UK, UK home loan service providers, UK Mortgage Companies Revenue, UK Mortgage Industry Research Report, UK Mortgage Industry Size, UK Mortgage Market Analysis, UK Mortgage Market Competition, UK Mortgage Market Competition Analysis, UK Mortgage Market Forecast, UK Mortgage Market Future Opportunities, UK Mortgage Market Future Outlook, UK Mortgage Market Growth Analysis, UK Mortgage Market Industry Developments, UK Mortgage Market Opportunities, UK Mortgage Market Report, UK Mortgage Market Report Analysis, UK Mortgage Market Research Data, UK Mortgage Market Research Report, UK Mortgage Market Revenue, UK Mortgage Market Sales Growth, UK Mortgage Market Shares, UK Mortgage Market Size, UK Mortgage Market Stamp Duty Changes, UK Mortgage Market Studies, UK Mortgage Market Trends, UK Mortgage Market Value, UK MortgageMarket Insight