Ken Research - UK Mortgage Market 2017 Forecasts and Future Oppor | Page 2

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.
Key Topics Covered in the Report:
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UK Mortgage Market Report
UK Mortgage Market Report Analysis
UK Mortgage Market Forecast
UK Mortgage Market Future Opportunities
UK Mortgage Market Stamp Duty Changes
Key Macroeconomic Indicators Prediction in UK Mortgage Market
Gross Lending in UK Mortgage Market Analysis
Housing schemes in the UK
Home Loan Market in the UK
Rental Property Rates in the UK
UK home loan service providers
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