UK Mortgage Market Has Contracted More in 2005 Than Previously Predicted as a Result of the Weak H1 Performance and Prevailing Economic Conditions

Business Wire, Nov 18, 2005

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c27824) has announced the addition of UK Mortgages 2005: Half Year Update to their offering

How has the mortgage market performed in light of a slowing housing market and which lenders have weathered the storm? In the rapidly changing world of the UK mortgage market, it is vital to stay on top of the latest trends. This brief is a half yearly update to the popular UK Mortgages 2004 report, designed to keep UK lenders abreast of the latest developments shaping their market.

Scope

- Presents the latest marking sizing figures for the UK mortgage market and analyses key trends in the first half of 2005

- Provides updated scenario based forecasts for the future of the mortgage market taking into account the latest economic and market data

- Includes updated market share figures for leading mortgage providers and discusses the latest competitive developments shaping the market in 2005

Highlights

As a result of the weak H1 performance and prevailing economic conditions, the mortgage market will contract more in 2005 than previously predicted. Interestingly, almost the entirety of this downwards adjustment can be accounted for by much weaker lending volumes for house purchases, as activity in the housing market slows.

The talk about an integrated European mortgage market heightened this year. However, it seems that the Commission is prepared to sit on its hands. This cautious approach will certainly be welcomed by many in the UK who fear that interference from Brussels is unnecessary considering that the market is already heavily regulated and highly efficient.

By deepening customer relationships Lloyds TSB gained market share in 2004 and moved into second place in terms of gross advances. In contrast, Barclays was the only lender in the top ten to witness a decline in both its mortgage book and its new mortgage business in 2004.

Reasons to Read

- Gain access to the latest marketing sizing data for the UK mortgage market to place your performance in context to the markets

- View the latest market forecasts to plan you strategy with confidence

- Receive updated market share data to tell you how your company compares to your closest rivals

For more information visit http://www.researchandmarkets.com/reports/c27824