Home Owners Mortgage Market Trends Report 2019

The Home Owners Mortgage Market Trends Report 2019 updates the 2018 report and provides an overview of the UK market for mortgage taken out by existing home owners. In addition to the market size and trends, this report looks at the structure of the market for mortgages to existing home owners, discusses the drivers of demand, the factors changing how the market operates and key developments with the market. It also looks at the main mortgage providers

Report Price £200.00 (VAT 0%)

Report Highlights

Existing homeowners borrowed over £180 billion in 2018 secured on their homes, representing almost 900,000 mortgages/loans. The amount borrowed rose by 5.6% in 2018, mainly reflecting a sharp rise in remortgaging and lifetime mortgage activity, with the number of mortgage advances growing by 5.2%.  In 2019, IRN Research anticipates the amounts borrowed will rise by only 2.8%, with the number of advances rising by just 1.1%.IRN Research forecasts that by 2023 over 1 million homeowner mortgages will be taken out. Between 2018 and 2023, the number of mortgages taken out will rise by 17.8%, while the value of new advances will rise by 27.6%. This indicates a modest level of growth with the number of mortgages taken out rising at an annual average rate of 3% per year. Remortgaging activity will drive the market.

The briefing (46pp, PDF), is available directly from IRN Research, priced at £200.

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Report Features

Type Market Trends Report
Year of Publication 2019
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