Mortgage and Property Report April 2019

 

Welcome to the April 2019 edition of the Mortgage and Property Report. In this issue, we look at some of the market dynamics and emerging trends that are putting pressure on new lending volumes in the mortgage sector. We examine their cause and potential market developments in response.

Key Highlights

• Post-crisis market conditions created an attractive environment for new specialist lenders to enter the sector, leading to increased competition
• The mortgage market has enjoyed steady growth in recent years, driven by high remortgage volumes and a healthy housing market
• An increasing number of customers have been taking out mortgages with longer initial fixed periods in order to lock in low rates, which will result in a less frequent need to refinance their mortgage
• In the face of increasing competition, lenders have gradually expanded into new niches and pushed mortgage rates lower

Download the report here.