Direct Mortgages Market Assessment 2006


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Previewing a Market Assessment

Published Date :
January 2006find similar
Report Type :
Market Assessmentfind similar
Report Sector :
Financial Servicesfind similar
Price :
£ 575
Contents :
15 Chapters

Table of Contents

The table of contents below is for Direct Mortgages 2006

Executive Summary

1. Introduction

Background

Definition

2. Strategic Overview

Market Dynamics And Segmentation

The Uk Mortgage Market

Table: Property Transactions In England, Wales And Northern Ireland (000 And Index/2000=100),/2000-2004/2005

Current Status Of The Market And Consumer Trends

Strategic Position

Total Industry Value And Growth

Table: The Uk Mortgage Market By Gross Lending (£m),-2005

Table: The Uk Mortgage Market By Annualised Total Balances Outstanding And Approvals (£m And £000),-2005

Distribution

Market Segmentation

Table: Mortgage Lending By Repayment Method By Type Of Advance (% Of Loans), August

Channel Mix

Table: Number Of Distribution Channels Offered By Lenders In Great Britain (% Of Lenders),

Figure: Number Of Distribution Channels Offered By Lenders In Great Britain (% Of Lenders),

Competitive Structure

Table: The Top Mortgage Lenders By Rank By Gross Mortgage Lending And Market Share (£bn And %), And

Distribution

Table: Distribution Channel By Type Of Advance — All Loans For House Purchase (% Of Loans And Index=100),-quarter

Advertising

Table: Main Media Advertising Expenditure On General Mortgages (£000), Years Ending September And

The Consumer

Unemployment And Earnings

Table: Uk Claimant Unemployment And Average Earnings (% And Index=100),-2005

Prices, Savings Ratio And House Prices

Table: Retail Price Index† (january=100),-2005

Table: Uk Base Rate, Household Savings Ratio And House Price Index (% And Index February=100),-2005

Demographics

Table: The Forecast Number Of Households In England (000),,, And

The Housing Market

Table: The House Price-to-earnings Ratio In Great Britain, -2004

Figure: The House Price-to-earnings Ratio In Great Britain,-2004

The Future

3. Types Of Mortgage

Repayment Mortgages

Overpayments

Discounted Mortgages

Main Media Advertising

Table: Main Media Advertising Expenditure On Discount-rate Mortgages (£000), Years Ending September And

Isa Mortgages

Endowment Mortgages

Main Media Advertising

Fixed-rate Mortgages

Table: Average Rates Of Interest (%), St January-2005

Main Media Advertising

Capped Mortgages

Flexible Mortgages

Main Media Advertising

Table: Main Media Advertising Expenditure On Flexible Mortgages (£000), Years Ending September And

Offset Accounts

Main Media Advertising

Current-account Mortgages

Mortgage Indemnity Guarantees

Subprime Mortgages

Self-certification

4. Regulation

The Mortgage Conduct Of Business Sourcebook

New Guidelines

Suitability Of Mortgage Products

Application Process

Advisers

Performance In The First Year/2005

What The New Mortgage Conduct Of Business Rules Mean For The Lender

The Impact On Direct Mortgages

5. Branch Sales

Market Share

Table: Estimated Percentage Of Mortgage Loans Arranged Through Branches In The Uk By Volume,-2005

Consumer Trends

Distribution

Table: Uk Branch Networks (number),-2005

6. Telephone Sales

Market Share

Table: Estimated Percentage Of Mortgage Loans Arranged Over The Telephone In The Uk By Volume,-2005

Consumer Trends

Distribution

Table: Number Of Personal Customers Registered To Access Their Accounts By Telephone† (000),-2005

Figure: Number Of Personal Customers Registered To Access Their Accounts By Telephone† (000),-2005

7. E-mortgages

Market Share

Table: Estimated Percentage Of Mortgage Loans Arranged Through The Internet In The Uk By Volume,-2005

Consumer Trends

Marketing Activity

Main Media Advertising

Table: Main Media Advertising Expenditure On Online Mortgages (£000), Years Ending September And

Distribution

Internet Finance

Table: Number Of Personal Customers Registered To Access Their Accounts By Computer† (000 And Index=100),-2005

Figure: Number Of Personal Customers Registered To Access Their Accounts By Computer† (000),-2005

Internet Intermediaries

8. An International Perspective

The Us Mortgage Market

The Eu Mortgage Market

9. Pest Analysis

Political Factors

Social Exclusion

Property-owning Democracy

Regulations

Economic Factors

Forced Saving

Labour Market Effects

Capital Market Effects

Land Market Effects

Subprime Lending

Social Factors

Family Life

Social Exclusion

Technological Factors

Credit Rating

Security

Efficiency

10. Consumer Dynamics

Overview

Table: Summary Of Attitudes Towards Mortgages (% Of Respondents),

Trusting Bank And Building Society Staff

"i Trust Advice Given By Bank Branch Staff About Which Mortgage Deal Is Best"

"i Trust Advice Given By Building Society Staff About Which Mortgage Deal Is Best"

Table: Trust In Advice From Bank And Building Society Staff (% Of Respondents),

Preference For Independent Advisers On The High Street

"i Prefer To Listen To Independent Mortgage Advisers On The High Street About Which Mortgage Deal Is Best"

"i Would Go To An Estate Agent For Advice About Which Mortgage Deal Is Best"

Table: Preference For Advice From Independent Mortgage Advisers, And Advice From An Estate Agent (% Of Respondents),

Preference For Face-to-face Contact

"if Shopping Around For A Mortgage Deal, I Would Approach Providers In Person Rather Than Over The Internet Or By Telephone"

"i Am Happy To Arrange My Mortgage Over The Telephone"

Table: Preference For Approaching Providers In Person, And Attitudes Towards Arranging A Mortgage Over The Telephone (% Of Respondents),

Method Of Contacting A Mortgage Provider Is Important

"i Am Happy To Arrange My Mortgage Over The Internet"

"how I Contact My Mortgage Provider Is Not Important As Long As My Application Is Processed Fast"

Table: Attitudes Towards Arranging A Mortgage Over The Internet, And Preference For Speed Of Process Over The Method Of Application (% Of Respondents),

Little Interest In Remortgaging To Keep Down Interest Rates

"how I Contact My Mortgage Provider Is Not Important As Long As It Is The Cheapest Deal"

"i Would Remortgage My Property To Keep The Interest Rate Down"

Table: Cheap Deals More Important Than Method Of Contact, And Willingness To Remortgage To Keep The Interest Rate Down (% Of Respondents),

Few Would Remortgage For Cash To Spend

"i Would Remortgage My Property To Get Cash To Spend"

"i Would Prefer A Mortgage Where The Interest Rate Is Low For The First Few Years Rather Than A Mortgage With A Fixed Rate Of Interest Over A Longer Period Of Time"

Table: Remortgaging To Obtain Cash, And Preference For A Mortgage With A Low Interest Rate For A Few Years (% Of Respondents),

Mortgage Preferences

"i Would Prefer A Mortgage Linked To My Current Account So My Debt Is Reduced When I Have Money In The Bank"

"i Would Prefer A Standard Repayment Mortgage"

Table: Preferences For A Mortgage Linked To A Current Account, And For A Standard Repayment Mortgage (% Of Respondents),

Few Think Mortgages Are Difficult To Obtain

"i Would Put Off Buying A Home When Interest Rates Go Up"

"i Think Mortgages Are Too Difficult To Get"

Table: Putting Off Buying A Home When Interest Rates Rise, And Mortgages Are Too Difficult To Obtain (% Of Respondents),

Don't Know; None Of These

"don't Know"

"none Of These"

Table: Don't Know, None Of These (% Of Respondents),

11. Company Profiles

Abbey National Plc

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Abbey National Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Barclays Bank Plc

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Innovations

Distribution

Advertising

Profitability

Table: Financial Results For Barclays Bank Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Bradford & Bingley

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Mortgage Express (£000, % And £), Years Endingst December-2004

Future Company Developments

Egg

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Egg Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Hbos

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Hbos Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Lloyds Tsb Group Plc

Corporate Strategy

Strengths And Weaknesses

New Product Development And Brand Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Lloyds Tsb Bank Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

Nationwide Building Society

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Nationwide Building Society (£000), Years Endingst April-2005

Future Company Developments

Northern Rock

Corporate Strategy

Strengths And Weaknesses

New Product And Brand Development

Innovations

Advertising

Distribution

Profitability

Table: Financial Results For Northern Rock Plc (£000, % And £), Years Endingst December-2004

Future Company Developments

12. The Future

Forecast Market Size

Table: The Forecast Uk Mortgage Market By Gross Lending (£m),-2010

Figure: The Forecast Uk Mortgage Market By Gross Lending (£m),-2010

Consolidation

The Branch Network

The Direct Market

New Developments

Demand-side Factors

Table: Forecast Unemployment, Average Earnings Growth And Gross Domestic Product (% And Index=100),-2010

Table: Forecast Retail Prices Index And House Price Index (index January=100),-2010

Supply-side Factors And Remortgaging

Regulation

Demographic Changes

Table: Actual And Forecast Uk Population By Region (million),,,, And

Table: Households In Great Britain By Size (%, Million And Number),,,, And

Market Dynamics

Political Factors

Economic Factors

Social Factors

Technological Factors

Conclusion

13. Consumer Confidence

Methodology

The Willingness To Borrow

Table A: The Average Amount Consumers Are Willing To Borrow In Order To Purchase Expensive Items At Current And Constant November Prices (£ And £bn), November, February, May, August And November

The Desire To Borrow Stays Strong

Table B: The Number Of Adults Willing To Borrow In Order To Purchase Expensive Items (000 And %), November, February, May, August And November

The Willingness To Spend From Savings

Table C: The Average Amount Consumers Are Willing To Spend From Savings In Order To Purchase Expensive Items At Current And Constant November Prices (£ And £bn), November, February, May, August And November

Consumers Increasingly Cautious

Table D: The Average Amounts Adults Are Confident Spending To Purchase Expensive Items (£ And %), November, February, May, August And November

14. Further Sources

Associations

Publications

General Sources

Government Publications

Other Sources

Bonnier Information Sources

Other Reports