Uk Mortgage Lending Market 2019 Key Trends and Opportunities
- Submitted by: castre
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- Category: English
- Date Submitted: 07/24/2015 11:21 PM
- Pages: 2
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Synopsis
The longer-term themes throughout the report's review period were that the number of accounts fell by 2.4%, while total outstanding balances remained relatively stable, up by 1.0%, and total gross lending grew by 8.5%. This was also reflected in the number of approvals declining by 0.15% between 2009 and 2014, while the value increased by 8.9%.
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http://www.marketresearchstore.com/report/mortgage-lending-in-the-uk-key-trends-18314
Summary
Interest rates are at their lowest levels since individual savings accounts (ISAs) began, which significantly reduces consumers’ commitment to saving. As a result, consumers – those who can afford to save – are starting to opt either for stocks and shares accounts or deciding to pay off long-standing debts with higher interest rates. The average rate offered on cash ISAs fell from 2.55% at the start of 2012 to 1.74% in February 2013, and to just 1.64% at the start of 2014. The average rates for savings accounts fell from 5.09% in 2008 and 1.48% in 2014, which highlights the impact of the recession and the availability of cheap funds for the banks.
Eight out of every 10 ISAs opened in FY2013–2014 were still cash ISAs however, as savers remained risk-averse, despite banks offering the worst interest rates on record. Stocks and shares ISAs are starting to recover however, following a substantial decline in the number for accounts from FY2010–2011 to FY2011–2012. The amount subscribed to stocks and shares ISAs has increased considerably since FY2009 – from GBP12.5 million to GBP18.4 million - which suggests that a smaller percentage of wealthier people, who can afford the increased risk, are filling these ISAs to the limit.
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http://www.marketresearchstore.com/report/mortgage-lending-in-the-uk-key-trends-18314#requestSample
The BoE’s central bank rate has remained at 0.5% since 2009, providing banks with an unparalleled level of cheap funds, meaning that the...
The longer-term themes throughout the report's review period were that the number of accounts fell by 2.4%, while total outstanding balances remained relatively stable, up by 1.0%, and total gross lending grew by 8.5%. This was also reflected in the number of approvals declining by 0.15% between 2009 and 2014, while the value increased by 8.9%.
Browse Full Report with TOC:
http://www.marketresearchstore.com/report/mortgage-lending-in-the-uk-key-trends-18314
Summary
Interest rates are at their lowest levels since individual savings accounts (ISAs) began, which significantly reduces consumers’ commitment to saving. As a result, consumers – those who can afford to save – are starting to opt either for stocks and shares accounts or deciding to pay off long-standing debts with higher interest rates. The average rate offered on cash ISAs fell from 2.55% at the start of 2012 to 1.74% in February 2013, and to just 1.64% at the start of 2014. The average rates for savings accounts fell from 5.09% in 2008 and 1.48% in 2014, which highlights the impact of the recession and the availability of cheap funds for the banks.
Eight out of every 10 ISAs opened in FY2013–2014 were still cash ISAs however, as savers remained risk-averse, despite banks offering the worst interest rates on record. Stocks and shares ISAs are starting to recover however, following a substantial decline in the number for accounts from FY2010–2011 to FY2011–2012. The amount subscribed to stocks and shares ISAs has increased considerably since FY2009 – from GBP12.5 million to GBP18.4 million - which suggests that a smaller percentage of wealthier people, who can afford the increased risk, are filling these ISAs to the limit.
Request for Sample:
http://www.marketresearchstore.com/report/mortgage-lending-in-the-uk-key-trends-18314#requestSample
The BoE’s central bank rate has remained at 0.5% since 2009, providing banks with an unparalleled level of cheap funds, meaning that the...