Introduction

The UK self-certification mortgage market has grown significantly in recent years, partly due to changes in lifestyle. But how much of this growth can be accounted for 'true' self-cert? Moreover, what are the major issues affecting this sector? How competitive is it? This report provides the answers.

Scope

Sizes the self-certification mortgage market in terms of gross advances. Analyses market trends in the self-certification mortgage markets. Examines the competitive structure of the market and looks at how the competitive environment has evolved over the past five years. Provides a five-year forecast for self-certification mortgages.

Highlights

The self-certification mortgage market recovered in 2006 after a slight fall in new lending in 2005. Take-up of self-certification mortgages continues to be dominated by the self-employed and contract workers, implying that this niche market is at a greater risk if the UK economy takes a downturn. The self-certification mortgage market is served primarily by specialist lenders who distribute their products through intermediaries. This niche sector is becoming increasingly competitive due to internal competition from specialist lenders as well as external competition from mainstream lenders offering fast-track mortgages. The self-certification mortgage market remains a popular segment for lenders despite receiving bad publicity in the past. The market has adapted well to new regulations and products are becoming more flexible. There is an increasing need for self-certification mortgages since consumers work lives are evolving and becoming less conforming.

Reasons to Purchase

Gives you a competitive edge by sizing the UK self-certification mortgage market for 2006. Provides the market share of the leading lenders in the self-certification mortgage market. Draw on Datamonitor's five-year scenario-based forecasts to plan your future strategy with confidence.

UK Self-certification Mortgages 2007 (Segment Report)