表紙
市場調査レポート

英国の住宅ローン市場:主な傾向と市場機会

Mortgage Lending in the UK - Key Trends and Opportunities to 2020

発行 Timetric 商品コード 301584
出版日 ページ情報 英文 75 Pages
即納可能
価格
本日の銀行送金レート: 1USD=101.50円で換算しております。
Back to Top
英国の住宅ローン市場:主な傾向と市場機会 Mortgage Lending in the UK - Key Trends and Opportunities to 2020
出版日: 2016年01月20日 ページ情報: 英文 75 Pages
概要

ISA (individual savings accounts:個人貯蓄口座) の制度が開始されて以来、英国の消費者の貯蓄意欲が減退し、代わりに株式投資や、これまで支払ってきた高利率の債務の解消に資金を振り向けるようになりました。他方、公定歩合が2009年より0.5%という低水準に抑えられていることや、英国政府が住宅ローン問題解消のために800億英ポンドもの資金を金融業界に供給していることから、各銀行は住宅ローンの獲得意欲が低くなってきています。2008〜2014年にかけて実質賃金が低下し、逆に住宅価格やエネルギー価格が上昇したことも、住宅需要の縮小や、住宅ローン市場の不振につながっています。2009〜2014年に、住宅ローンの総貸出件数は2.4%縮小した一方、貸出残高は1.0%増と安定的に推移し、承認件数は0.15%減、1件当たり貸出額は8.9%増となりました。

当レポートでは、英国における住宅ローン市場について分析し、市場の構造や促進・抑制要因、市場規模の動向見通し(今後5年間分)、流通経路の動向、産業の競争力、近年の業界動向(資本取引・事業提携など)、政府の関連規制・政策、主要企業のプロファイルなどを調査して、その結果を概略以下の構成でお届けします。

第1章 エグゼクティブ・サマリー

第2章 イントロダクション

第3章 市場分析

  • 市場規模
  • 貸出総額
    • 貸し手別
    • 貸出対象別
  • 返済状況
  • 純貸出額
  • ローンの承認状況
    • 金額ベース
    • 件数ベース
    • ローン・資産価値比率
  • 返済停滞状況
  • 利子率
  • 市場の将来展望
    • 今後の予測
  • 流通チャネル
  • 資産運用向け住宅ローン
  • 住宅ローンの初利用者
  • 市場のサマリー

第4章 経済的影響

  • 住宅市場
  • 実質GDP成長率
  • 労働市場環境
  • 金利
  • 消費者マインド
  • インフレ率

第5章 競争環境

  • 市場シェア
  • ローン金利
  • ローン商品の開発状況

第6章 規制と政策

  • 近年の法改正
    • 「Help to Buy」 (住宅購入支援政策)
    • 住宅ローン市場改革 (MMR)
  • 今後の規制改訂の見通し
    • 詳細な商品販売データの提示義務
    • 住宅ローン指令
    • バーゼルIII

第7章 資本取引動向(全4件)

第8章 最新の業界動向(全4件)

第9章 英国のリテールバンク

  • Barclays Plc
    • 企業プロファイル
    • 主なローン商品
    • 主な競合企業
    • 経営陣
  • HSBC Bank Plc
  • Lloyds Banking Group Plc
  • Nationwide Building Society
  • Santander UK Plc
  • The Royal Bank of Scotland Group

第10章 統計

  • 予測データ(今後5年間分)

第11章 付録

図表一覧

このページに掲載されている内容は最新版と異なる場合があります。詳細はお問い合わせください。

目次
Product Code: FS0143MR

A surge in mortgage lending was recorded during the second half of 2015, as customers took advantage of low interest rates, with the Governor of the Bank of England, Mark Carney, suggesting in November 2015 that the central bank rate may not rise until 2017.

Summary

  • The Buy-to-Let sector recorded substantial growth in 2015, as investors increasingly looked towards property in the absence of any favorable savings rates. With house prices continuing to rise and the buy-to-let making becoming a landlord more affordable this type of mortgage has risen from being a twentieth of all mortgages to a fifth in a single year. The availability of high loan-to-value (LTV) mortgages and even interest-only mortgages, combined with pension reforms in the March 2015 Budget - allowing over 55s to receive a lump sum instead of annuities - sparked the growth.
  • Mortgage affordability eased during the recession as the Bank of England reduced its policy interest rate to a record-low of 0.5% in 2009, and Funding for Lending provided 18 months of access to cheap bank finance. This prompted retail lenders to lower interest rates on tracker and fixed-rate mortgages during the review period (2009-2014), leading to lower-value loan repayments from 2009 onwards.
  • This trend continued in 2015, as HSBC became the first lender to launch a sub-2% five-year fixed mortgage in April, which triggered price war between lenders. Rates continued to plunge in 2015, with the average 75% two-year LTV mortgages as cheap as 1.6%. This has been a substantial factor behind driving the gross lending and the repayments markets, as consumers have been keen to lock themselves into the attractive rates.
  • A surge in mortgage lending was recorded during the second half of 2015, as customers took advantage of low interest rates, with the Governor of the Bank of England, Mark Carney, suggesting in November 2015 that the central bank rate may not rise until 2017. Total gross lending increased by 29.4% in 2015.
  • Although it looks as if the central bank rate will not rise until as late as 2017, the rate will increase at some point over the forecast period (2015-2019), which will increase repayment costs. The Mortgage Market Review (MMR) includes measures to check that all borrowers are able to afford the cost of any potential hike, so interest rate increases are likely to suppress growth in the market, if only temporarily.
  • With the demand for mortgages being so high, any interest rate hike is unlikely to lead to a decline in gross mortgage lending, although repayments are more likely to drop off as customers begin to struggle to make them.
  • Lending to first-time buyers had declined year-on-year to April 2015 following the implementation of the MMR in April 2014. The review includes measures to check that all borrowers can afford the cost of any potential hike, to the extent of looking through online bank statements and credit ratings, have made it harder for many to get on the property ladder.
  • The boom in buy-to-let lending has created a very saturated market with direct competition for first-time buyers, and it has certainly contributed to rising house prices, especially in London. Lending to first time buyers increased by 10% year-on-year to September 2015, as real wages continues to improve and demand remained strong.

Scope

  • This report provides market analysis, information and insights into the UK mortgage industry
  • It provides a breakdown of the types of mortgages offered in the UK
  • It analyses drivers and the outlook for the market
  • It provides information on the main banks in the UK market
  • It covers news and regulatory developments
  • It forecasts the future of the mortgage industry in the UK over the next five years

Reasons To Buy

  • Gain an understanding of the UK mortgage industry.
  • See monthly and annual statistics on every aspect of the market, both in written form and in graphs and tables.
  • Read analysis of the relevant market statistics, telling you what has been happening in the mortgage market, why it has been happening and what we expect to happen over the coming years.
  • Read about all the economic factors impacting the industry.
  • Read about how individual banks and building societies are affecting the market, in terms of market share and innovation.

Table of Contents

1. Executive Summary

2. Introduction

  • 2.1. What is this Report About?
  • 2.2. Definitions
  • 2.3. Methodology

3. Market Analysis

  • 3.1. Gross Lending
    • 3.1.1. By lender
    • 3.1.2. By purpose
  • 3.2. Outstanding Loans
  • 3.3. Repayments
  • 3.4. Net Lending
  • 3.5. Mortgage Approvals
    • 3.5.1. By value
    • 3.5.2. By volume
    • 3.5.3. Loan-to-value ratio
  • 3.6. Mortgage Arrears
  • 3.7. Interest Rates
  • 3.8. Buy-to-Let Mortgages
  • 3.9. First-Time Buyers
  • 3.10. Mortgage Market Summary

4. Market Outlook

  • 4.1. Forecasts

5. Economic Backdrop

  • 5.1. Housing market
  • 5.2. Real GDP growth
  • 5.3. Labor Market Conditions
  • 5.4. Central Bank Rate
  • 5.5. Consumer Confidence
  • 5.6. Inflation

6. Competitive Landscape

  • 6.1. Market Shares
  • 6.2. Mortgage Interest Rates
  • 6.3. Mortgage Innovation

7. Regulation and Policy

  • 7.1. Recent Changes
    • 7.1.1. Help-to-Buy
    • 7.1.2. MMR
  • 7.2. Upcoming Regulations
    • 7.2.1. Mortgage Credit Directive
    • 7.2.2. Basel III

8. Deals

  • 8.1. Zopa partners with Metro Bank
  • 8.2. Nationwide Building Society Prices Offering of USD1.12 Billion Bond Due 2018
  • 8.3. OneSavings Bank Acquires Portfolio of UK Second-Charge Mortgages
  • 8.4. Legal & General to Acquire 100% Stake in New Life Home Finance

9. News

  • 9.1. Nationwide: Strong Products and Customer Service Deliver Best Ever Results
  • 9.2. Axis Bank to Launch Buy-to-Let Mortgage Product in UK
  • 9.3. UK House Price Expectations fall to 18-Month Low: Knight Frank

10. UK Retail Banks

  • 10.1. Barclays Plc - Company Overview
    • 10.1.1. Barclays Plc - profile
    • 10.1.2. Barclays PLC - main savings products
    • 10.1.3. Barclays Plc - main competitors
    • 10.1.4. Barclays Plc - board of directors
  • 10.2. HSBC Plc - Company Overview
    • 10.2.1. HSBC Bank Plc - profile
    • 10.2.2. HSBC Bank Plc - main savings products
    • 10.2.3. HSBC Bank Plc - main competitors
    • 10.2.4. HSBC Bank Plc - board of directors
  • 10.3. Lloyds Banking Group Plc - Company Overview
    • 10.3.1. Lloyds Banking Group Plc - profile
    • 10.3.2. Lloyds Banking Group Plc - main savings products
    • 10.3.3. Lloyds Banking Group Plc - main competitors
    • 10.3.4. Lloyds Banking Group - board of directors
  • 10.4. National Savings and Investments - Company Overview
    • 10.4.1. National Savings and Investments - profile
    • 10.4.2. National Savings and Investments - main savings products
    • 10.4.3. National Savings and Investments - main competitors
    • 10.4.4. National Savings and Investments - board of directors
  • 10.5. Nationwide Building Society - Company Overview
    • 10.5.1. Nationwide Building Society - profile
    • 10.5.2. Nationwide Building Society - main savings products
    • 10.5.3. Nationwide Building Society - main competitors
    • 10.5.4. Nationwide Building Society - board of directors
  • 10.6. Santander UK Plc - Company Overview
    • 10.6.1. Santander UK Plc - profile
    • 10.6.2. Santander UK Plc - main savings products
    • 10.6.3. Santander UK Plc - main competitors
    • 10.6.4. Santander UK Plc - board of directors
  • 10.7. The Royal Bank of Scotland Group - Company Overview
    • 10.7.1. The Royal Bank of Scotland Group Plc - profile
    • 10.7.2. The Royal Bank of Scotland Group Plc - main savings products
    • 10.7.3. The Royal Bank of Scotland Group Plc - main competitors
    • 10.7.4. The Royal Bank of Scotland Group Plc - board of directors

11. Statistics

  • 11.1. Forecast Period: 2014-2018

12. Appendix

  • 12.1. Methodology
  • 12.2. Contact Timetric
  • 12.3. About Timetric
  • 12.4. Timetric's Services
  • 12.5. Disclaimer

List of Tables

  • Table 1: Mortgage Market Definitions
  • Table 2: The UK - Mortgage Market Summary (GBP Billion), 2009-2013
  • Table 3: The UK Mortgage Market - Competitor APR (%), Financial Year 2014/15
  • Table 4: Recent and Upcoming Regulatory Changes
  • Table 5: Barclays Plc, Key Facts
  • Table 6: Barclays Plc, Main Savings Products
  • Table 7: Barclays Plc, Board of Directors
  • Table 8: HSBC Bank Plc, Key Facts
  • Table 9: HSBC Bank Plc, Main Savings Products
  • Table 10: HSBC Bank Plc, Board of Directors
  • Table 11: Lloyds Banking Group Plc, Key Facts
  • Table 12: Lloyds Banking Group Plc, Main Products
  • Table 13: Lloyds Banking Group Plc, Board of Directors
  • Table 14: National Savings and Investments, Key Facts
  • Table 15: National Savings and Investments, Main Products
  • Table 16: National Savings and Investments, Board of Directors
  • Table 17: Nationwide Building Society, Key Facts
  • Table 18: Nationwide Building Society, Main Products
  • Table 19: Nationwide Building Society, Board of Directors
  • Table 20: Santander UK Plc, Key Facts
  • Table 21: Santander UK Plc, Main Products
  • Table 22: Santander UK Plc, Board of Directors
  • Table 23: The Royal Bank of Scotland Group Plc, Key Facts
  • Table 24: The Royal Bank of Scotland Group Plc, Main Products
  • Table 25: The Royal Bank of Scotland Plc, Board of Directors
  • Table 26: The UK - Mortgages Market 2014-2018

List of Figures

  • Figure 1: UK Mortgages - Gross Lending (GBP Million), 2009-2014
  • Figure 2: UK Mortgages - Monthly Gross Lending (GBP Million), 2009-2015
  • Figure 3: UK Mortgages - Gross Lending by Lender (GBP Million), 2009-2014
  • Figure 4: UK Mortgages - Gross Lending by Purpose (%), 2012-2015
  • Figure 5: UK Mortgages - Breakdown of House Purchases Gross Lending (%), 2002-2015
  • Figure 6: UK Mortgages - Balance Outstanding (GBP Million), 2009-2015
  • Figure 7: UK Mortgages - Outstanding Mortgage Loan Accounts (Million), 2008-2014
  • Figure 8: UK Mortgages - Mortgage Repayments (GBP Million), 2009-2014
  • Figure 9: UK Mortgages - Monthly Repayments (GBP Million), 2009-2015
  • Figure 10: UK Mortgages - Net Lending (GBP Million), 2008-2014
  • Figure 11: UK Mortgages - Net Lending (GBP Million), 2009-2014
  • Figure 12: UK Mortgages - Approvals by Value (GBP Million), 2009-2014
  • Figure 13: UK Mortgages - Share of Value of Approvals by Purpose (%), 2014
  • Figure 14: UK Mortgages - Approvals by Volume 2009-2014
  • Figure 15: UK Mortgages - Volume and Value of Approvals, 2013-2015
  • Figure 16: UK Mortgages - Volume of Approvals by Purpose, 2014
  • Figure 17: UK Mortgages - Approvals by Loan-to-Value (%), 2008-2014
  • Figure 18: UK Mortgages - Outstanding Arrears Cases 2009-2014
  • Figure 19: The UK - Average Mortgage Interest Rates (Percentage, End-Year), 2009-2015
  • Figure 20: The UK - Average Mortgage Interest Rates (Percentage, End-Year), 2009-2015
  • Figure 21: The UK - First Time Buyer Number and Value of Loans 2009-2015
  • Figure 22: The UK - Regional House Prices (GBP), 2008-2014
  • Figure 23: UK Mortgages - Gross Lending (GBP Million), 2009-2020
  • Figure 24: UK Mortgages - Balances Outstanding (GBP Million), 2009-2020
  • Figure 25: The UK - Forecasted Mortgage Arrears, by Number, 2009-2020
  • Figure 26: The UK - Average House Price Growth Forecast, (%), 2014-2020
  • Figure 27: The UK - Average House Prices (GBP), 2005-2014
  • Figure 28: The UK - Average House Prices by Type of Buyer (GBP), 2008-2014
  • Figure 29: The UK - Annual House Price-to-Earnings Ratio (%), 2009-2015 Q1
  • Figure 30: The UK - Housing Construction Growth (%), 2007-2014
  • Figure 31: The UK - Real GDP Growth by Quarter (%), 2008-2014
  • Figure 32: The UK - Unemployment and Redundancy Rates (%), 2004-2014
  • Figure 33: The UK - Average Weekly Earnings - Total Pay (GBP), 2004-2014
  • Figure 34: The UK - Bank of England Rate (%), 2004-2015
  • Figure 35: The UK - Consumer Confidence Index
  • Figure 36: The UK - Consumer Price Inflation (%), 2009-2015
  • Figure 37: Mortgage Balances Outstanding - Market Shares of the Largest Mortgage Lenders in the UK (%), 2014
  • Figure 38: Mortgage Gross Lending - Market Shares of the Largest Mortgage Lenders in the UK (%), 2013
  • Figure 39:UK - Building Societies' Share of the Mortgage Market, 2010-2015
  • Figure 40: The UK - Banking Regulatory Framework
Back to Top